BUSINESS | 09:35 / 27.01.2023
10488
4 min read

Tire plant built with a foreign debt of $156 million sold for 2 times cheaper

Angren tire plant was sold to Tatneft for 826 billion soums, not 826 million soums. This means $73.2 million at the exchange rate on the day the deal was signed. However, $156.4 million was borrowed from China in 2017 for the construction of this plant.

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