Turkey's Anadolu Isuzu buys majority stake in previously state-owned Uzbek carmaker

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Turkey's Anadolu Isuzu BIST:ASUZU has acquired a 75.2% stake in previously state-owned carmaker SamAuto for $80 million, Uzbek authorities said on Thursday.Uzbekistan's State Assets Management Agency said that Anadolu Isuzu had pledged to invest an additional $80 million in the facility.The agency said in a statement that the move would "create a regional transport hub in Uzbekistan", exporting buses to Central Asia, the Middle East and Africa.SamAuto's minority shareholders are Japan's Itochu Corporation and Isuzu Motors Ltd, each holding 12.4%.Uzbekistan has pursued a programme of economic reform since President Shavkat Mirziyoyev came to power in 2016, even as politics in the country of almost 40 million people remains tightly controlled.

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