Uzbekistan’s national investment fund plans to list in London, marking the country’s first foray into global stock markets.
It has signed agreements with investors and will go ahead with an initial public offering on the London and Tashkent stock exchanges.
The fund, run by asset manager Franklin Templeton, was established in 2024 to seek outside investment.
Marius Dan, chief executive of Templeton Global Investments, said the float was ‘a testament to the country’s significant progress with its reform programme’.
The fund, chaired by Uzbekistan’s Finance Minister, says the total net asset value of the stakes is £1.8billion.
Uzbekistan’s national investment fund has signed agreements with investors and will go ahead with an initial public offering on the London and Tashkent stock exchanges
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