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Economy
19/08/2013
Uzbekistan to sell former Wimm-Bill-Dann subsidiary in Tashkent
Uzbekistan to sell former Wimm-Bill-Dann subsidiary in Tashkent
Tashkent, Uzbekistan (UzDaily.com) --
NBU Investment, a subsidiary of National Bank of Uzbekistan for Foreign Economic Activity, will put assest of Tashkent Sifat Sut, dairy plant, created on the base of Wimm-Bill-Dann Tashkent (subsidiary of Russia’s Wimm-Bill-Dann in Uzbekistan), to auction by the end of 2013, RIA Novosti reported.
The report said quoting source in the plant that the evaluation of the plant is closing to the end and the plant will be sold via auction. In August 2012, the assets of Wimm-Bill-Dann Tashkent was handed over to management of NBU Investment and Tashkent Sifat Sut was founded on its bases.
Wimm-Bill-Dann acquired 76.98% stake in Tashkent Sut for US$131,400 and created Wimm-Bill-Dann Tashkent. The company invested some US$7.3 million into the plant till the end of 2009.
In the end of 2009, Tashkent Economic Court decided to suspend activities of the Wimm-Bill-Dann Tashkent as its products do not meet standards of Uzbekistan and were dangerous for life of people.
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