Kazakh Company MF Trade Limited Receives Approval to Acquire Stakes in Three Uzbek Developers

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s Competition Committee has approved a deal by the Kazakh company MF Trade Limited to acquire stakes in the charter capital of three Uzbek enterprises operating in the residential construction sector.

The agency reported that the company’s application concerned the purchase of shares in Elsun Invest LLC, NRG Yashnobod Stroy LLC, and NRG High Project LLC.

MF Trade Limited is engaged in holding company activities and business management, while the three Uzbek companies specialize in residential building construction.

Following an analysis conducted by the Committee’s Special Commission, it was determined that the transaction will not have a direct impact on the competitive environment in the relevant markets. In this context, the regulator decided to approve the request and consent to the conclusion of the agreements.