British American Tobacco (BAT) has increased its stake in the Samarkand-based company Samfruit, according to the stock exchange data.
The OTC trade was closed on September 21st. BAT bought another 350 thousand shares (0.99%). Now she owns 12.4 million shares – this is 34.1% of Samfruit.
The previous deal between the two companies took place on June 7th. Then BAT bought 712 thousand shares, increasing its share by 2%.
In 2019, it became known that the UzBAT JV was investing $ 11 million in the creation of a joint venture with Samfruit. The company planned to use Samfruit to purchase equipment for freeze-drying and air-drying, and packaging of fruits and vegetables.
Samfruit is an Uzbek-Swiss joint venture established in 2003. The company is a manufacturer and distributor of natural dried vegetables and dried fruits. Today, Samfruit products are exported to 16 countries.
JV “UZBAT” was established in 1994. In 1997, the company built the Samarkand cigarette factory. British American Tobacco’s investment in the Uzbek economy has exceeded $ 400 million.
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