UzOman partners with Hektaş Özbekistan

Oman Investment Authority (OIA) and the joint investment company UzOman, established by the Government of Uzbekistan, became partners with a 33.3 percent stake in Hektaş Asia LLC, the Uzbekistan investment of OYAK companies Hektaş, for a consideration of 24.9 million USD through a capital increase. OYAK realized a new partnership within the scope of its ongoing strategic partnership with Oman Investment Authority (OIA), strengthening its investments in Central Asia. Within this scope, UzOman Investment Company, the joint investment company established by OIA and the Government of Uzbekistan, became partners with a 33.3 percent stake in Hektaş Asia LLC, the investment of OYAK companies Hektaş, which is constructing an advanced technology agricultural chemicals factory in Uzbekistan. According to the announcement, the partnership reflects the joint strategic vision of the company and OIA to develop industry in emerging markets, strengthen regional integration, and generate lasting ...