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Economy 30/11/2009 State Demonopolization Committee reviews 113 applications on mergers, acquisitions
State Demonopolization Committee reviews 113 applications on mergers, acquisitions
Tashkent, Uzbekistan (UzDaily.com) -- State Committee on Demonopolization, Support of Competition and Entrepreneurship reviewed over 133 applications to get permission to purchase over 35% shares in nine months of 2009. The committee underlined that it received 113 applications in the same period of 2008.

State Demonopolization Committee said its head office considered 119 cases and its territorial branches reviewed 14. The committee added that it received 74 applications from foreign investors.

Investors purchased shares and acquired shares in 69 legal entities, which is engaged in production activity and 64 entities, rendering various services. In all cases, the shares were purchased through the secondary market.

The volume of investments, contributed by investors to development of business entities, made up US$1.7 million and 5.2 billion soums.

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