Uzpromstroybank to acquire 19.46% share in Uzbek stock exchange

Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial bank Uzbek Industrial-Construction Bank (Uzpromstroybank) announced its intension to acquire shares in the Republication Stock Exchange “Tashkent” open joint stock company.

According to the bank, it is planning to purchase 76,000 ordinary shares of Uzbek Stock Exchange, which makes up 19.46% stake in the issuer.

As earlier reported, another Uzbek bank, Bank Ipak Yoli also said that it is planning to buy 136,700 shares in the exchange, which comprises of 34.99% share in the exchange’s charter capital.

Republication Stock Exchange “Tashkent” was founded on 8 April 1994 in line with the decision of the Uzbek president.