Turon Industrial Investment LLC successfully acquired a 34.2% stake in Uz Truck and Bus Motors through a privatization deal, committing to sustain the company's core operations for at least five years.

Information on the Target

The target of this privatization deal is Uz Truck and Bus Motors LLC, in which the state holds a 34.2% stake. This joint venture is significantly influenced by foreign participants, namely MAN Truck & Bus SE and Sinotruk, each possessing a 32.9% share. The initiative aims to stimulate growth within the company while ensuring its sustainability and operational viability.

This privatization marks a crucial step in enhancing the operational framework of Uz Truck and Bus Motors, paving the way for increased investments and development in the local automotive industry. The intended buyer, Turon Industrial Investment LLC, has shown a strong commitment to maintaining the core activities of the enterprise for a minimum of five years.

Industry Overview in the Specific Country

The automotive industry in Uzbekistan has been growing steadily, driven by increased domestic demand and supportive government policies aimed at attracting foreign direct investment. The government's strategic focus on mo