Materials with tag «privatization»
Paynet privatizes Humo payment system for $65 million
The state-owned share of Humo, one of Uzbekistan’s two bank card processing systems, was sold for $65 million to Paynet, a major payment operator (which was privatized in 2022).
Ministers in Uzbekistan to get deputies for digitization and privatization
The year 2025 will see attraction of the private sector in all areas, head of the State Assets Management Agency Akmalkhon Ortiqov said. He added that ministers will get deputies for digitization and privatization.
Hungary’s OTP Bank buys majority stake in Uzbekistan’s Ipoteka Bank
Ipoteka Bank, Uzbekistan’s fifth largest bank, was acquired by Hungary’s OTP Bank. They bought 73% of Ipoteka Bank’s shares from the Uzbek Ministry of Economy and Finance for $324 million, and plans to buy the remaining 26% within three years. The bank also changed its logo as part of the deal.
President reveals plans to transfer four Uzbek airports to private management
President Mirziyoyev unveils plans to transfer four Uzbek airports (Andijan, Namangan, Bukhara, and Urgench) to private sector management in 2023, and invited investors to participate in the evolving aviation sector.
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