BAT acquires state-owned shares of UZBAT in Uzbekistan for $22.3 million

Oct.15

British American Tobacco (BAT) acquires state-owned shares of UZBAT, a joint venture in Uzbekistan, for $22.3 million.

Key points：

British American Tobacco has acquired the state-owned shares of the joint venture UZBAT for a transaction amount of 22.3 million USD.
Since 1994, British American Tobacco has invested over 500 million USD in total.
UZBAT has been producing heated tobacco products since 2023 and their products are also exported to countries such as Kazakhstan.

On October 15, 2025, according to АН Po drobno.uz, British American Tobacco (BAT) has acquired the state-owned shares of the joint venture UZBAT from the Uzbekistan State Asset Management Agency through an agreement on October 6, with the transaction amounting to 22.3 million US dollars.

BAT has been operating in Uzbekistan since 1994, with total investments exceeding $500 million over the years. UZBAT is the leading tobacco manufacturer in Uzbekistan, with its factory in Samarkand producing heated tobacco products since 2023.

UZBAT not only meets domestic demand, but also exports products to several countries including Kazakhstan, Georgia, Azerbaijan, Iraq, and South Korea, becoming a major exporter for the country.

Image source: АН Po drobno.uz

References:

[1] BAT выкупила у Узбекистана госпакет акций в совместном предприятии за 22 миллиона долларов

Also Read:

[1] Uzbekistan's Senate Approves Law to Ban Circulation of E-Cigarettes and E-Liquids

[2] Philip Morris International Expands Presence in Uzbekistan with Second Office

[3] KT&G to Enhance Competition in Eurasia with Uzbekistan Expansion.

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