The Competition Committee announced its approval of the deal for the sale of the manufacturer of motor oil and lubricant filters, SDK Group And, to a foreign investor.
Company representatives approached the agency for approval to acquire a 100% stake from the Emirati Naphtha Group LLC-FZ. As noted by the committee, this group is engaged in the sale of oil and petroleum products in several foreign countries.
The committee's special commission concluded that the economic concentration would not impact market competition. Based on this conclusion, the regulatory authority decided to approve the transaction.
According to data from the Unified State Register of Enterprises and Organizations, SDK Group And was established in 2009 and is based in the city of Shahrihan in the Andijan region. The factory produces oil, fuel, and air filters for vehicles and special machinery under the brand Filtr.uz.
The company's authorized capital amounts to $6.88 million. Previously, the sole founder was the British company Flexton System Co., and it is now Naphtha Group LLC-FZ.
In 2024, the Competition Committee reviewed 139 requests regarding transactions related to economic concentration. Of these, 96 transactions totaling 18 trillion soums received approval, while refusals occurred in only six cases.
For instance, in December, the Committee approved the transfer of 100% of the IT company Itransition to a new parent structure in London. The purchase of stakes in two agricultural companies by the Tashkent firm Mall Estate was also approved.
Earlier, Spot reported that the Competition Committee identified instances of price inflation for medications in more than 1,300 pharmacies.