TBC Group expands: acquisition of OLX Uzbekistan officially approved

The Competition Committee of Uzbekistan has officially approved the economic concentration transaction for Tapuz Limited (a UAE-based company under TBC Bank Group) to acquire a 100% stake in OLX Classifieds.

As a reminder, TBC Group reached an agreement to acquire the full controlling stake of OLX Uzbekistan from Prosus back in August of last year. The transaction has now received official regulatory approval.

This deal further strengthens TBC Bank Group’s position as one of the leading players in Uzbekistan's digital market.

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