HAVVO GROUP wins 85.58% of Foton for UZS 151 billion

Announced: 1 July 2024. Tender with investment obligations. Stake: 85.58%. Value: $12.0m.

• Target: Foton JSC
• Acquirer: Havvo Group LLC
• State seller: State Assets Management Agency of the Republic of Uzbekistan
• Financial adviser: ABRAU CAPITAL