ALFA INVEST Insurance wins 100% of Tashkent New Palace (Lotte City Hotel) for USD 20 million

Announced: 21 November 2024. Tender with investment obligations. Stake: 100%. Value: $20.0m.

• Target: Tashkent New Palace LLC (Lotte City Hotel Tashkent Palace)
• Acquirer: ALFA INVEST Insurance Company JSC
• State seller: State Assets Management Agency of the Republic of Uzbekistan
• Financial adviser: KPMG
• Valuer: Deloitte