Report: Russian RWB Acquires Stake in UzPost as Part of Privatization

Tashkent, Uzbekistan (UzDaily.com) — Russian company LLC “RWB,” which unites the Wildberries marketplace and the Russ structure, has joined the list of shareholders of JSC “O’zbekiston Pochtasi” (UzPost), becoming a participant in its privatization, according to RBC citing sources familiar with the deal.

The publication reports that preparations for the acquisition of the national postal operator had been underway for several months, with the Russian online retailer having ambitious plans to develop its business in Uzbekistan.

Prior to the transaction, UzPost’s authorized capital was increased by 14.5 billion soums (approximately 40%), in particular through the transfer of 50 post office buildings with a total value of 77.3 billion soums.

The placement price of a single share amounted to 10,150 soums, five times higher than its nominal value. As a result, UzPost’s market capitalization is estimated at around 285.9 billion soums (approximately $23.5 million).

Initially, 25% of UzPost shares were included in the authorized capital of the National Investment Fund (UzNIF). However, in September of this year, the President signed a decree adjusting the fund’s portfolio, transferring the UzPost stake to the Agency for State Assets Management.

According to the published annual report, at the end of 2024 UzPost’s assets totaled 395.8 billion soums, with the company recording a net profit of 843.9 million soums on revenue of 603.5 billion soums, of which 463.8 billion soums accounted for the cost of services rendered.