Up to July 1, 2020, the Antimonopoly Committee and its territorial departments received 64 applications (106 applications on the same period of 2019) to obtain preliminary consent for market concentration. 14 of them relate to mergers and acquisitions of economic entities, another 50 are applications for the acquisition of shares (stocks) in the authorized capital (capital) of economic entities. 18 of these applications belong to foreign investors.
At the same time, 2 entities have been punished for violation of the requirements of the Law “On Competition”, in the part of the transaction on the acquisition of shares (stocks) in the authorized capital (capital) of economic entities without obtaining the prior consent.
All applications received by the Committee during the first half of the year have been carefully analyzed. The total amount of transactions amounted to 1.13 trillion Soums. 47.3 % or 479 billion Soums of foreign investor shares.
It is expected to use foreign capital as direct investments or technologies in the textile, pharmaceutical, information, electrical, construction and food industries.
Examples of completed transactions in the first half of the year:
Acquisition of 70 % of shares in the authorized capital of Astana-Motors Motor Company LLP (Kazakhstan) from the HYUNDAI AUTO ASIA JV, SILVER CAR HOLDING B.V. LLC (Netherlands).
The main activity of Astana Motors is the sale and maintenance of cars.
“ANGLESEY INVESTMENTS PTE. LTD. ” (Singapore) on the acquisition of a 100% stake in MARNELL HOLDING PTE LTD in the authorized capital of ANGLESEY FOOD LLC.
The scope of activity of LLC ANGLESEY INVESTMENTS PTE. LTD. ” – retail sale of goods in specialized stores.
– Consolidation of LLC JV “AGROMIR BUKHARA” and LLC JV “AGROMIR CHUST” into JV LLC “AGROMIR”.
The sphere of activity of these enterprises, located in Bukhara, Namangan and Samarkand regions, which have common founders and are part of the Agromir group of companies, is the production of fruit and vegetable juices.