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The IPO is the first foray into global equity markets for an Uzbek state-backed entity.
Uzbekistan's National Investment Fund signed cornerstone agreements with BlackRock and other major global funds.
KEY POINTS
- The Fund is proceeding with an initial public offering on both the London and Tashkent stock exchanges.
- Cornerstone agreements amount to approximately $300 million in global depositary receipts.
- This IPO marks the first global equity market entry by an Uzbek state-backed entity.
- The fund holds minority stakes of 25% to 40% in 13 diverse state-owned enterprises.
COMPANIES
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