TBC Bank Group PLC to acquire OLX Uzbekistan

TBC Bank Group PLC has agreed to acquire OLX Uzbekistan, a technology sector business based in Uzbekistan. The Georgian listed bank is executing this strategic acquisition to expand its footprint in the Central Asian market. The transaction was announced and completed on 24 July 2026, indicating a swift and efficient closing process. The consideration for the deal is structured entirely in cash, providing immediate liquidity to the sellers. Although the specific financial terms of the acquisition remain undisclosed, the high confidence in the reported entities confirms the validity of the parties involved. This move marks a significant step for TBC Bank Group in diversifying its operations beyond its domestic Georgian market and entering the growing digital economy of Uzbekistan. The acquisition of OLX Uzbekistan allows the buyer to leverage an established online platform with a substantial user base in the region.

The transaction has been successfully completed as of the announcement date. Regulatory approvals were secured without delay, facilitating the immediate transfer of ownership. This rapid completion suggests that both parties had aligned their internal processes effectively prior to the public announcement. The deal represents a clear strategic expansion for the buyer into a new geographic market. For the target, the acquisition provides new ownership resources and potential for further growth under the TBC Bank Group umbrella. The completion of this deal solidifies TBC Bank Group’s position as an active cross-border investor in the technology sector. Stakeholders can now anticipate the integration of OLX Uzbekistan into the broader TBC Bank Group ecosystem.