Indorama buys 99.02% of Ferganaazot from the state for USD 140 million

Announced: 16 January 2023. Tender with investment obligations. Stake: 99.02%. Value: $140.0m.

• Target: Ferganaazot JSC
• Acquirer: Indorama Corporation Pte. Ltd
• State seller: State Assets Management Agency of the Republic of Uzbekistan
• Financial adviser: Deloitte
• Valuer: KPMG
• Financial adviser: International Finance Corporation