Uzbekistan

UAE’s Naphtha Group Acquires SDK Group, Automotive Filter Manufacturer

The Competition Committee has given the green light for the sale of SDK Group And, a company specializing in filters for motor oils and lubricants, to the UAE’s Naphtha Group LLC-FZ. The committee stated that the transaction would not have any negative impact on market competition.

Naphtha Group is known for its expertise in the sale of oil and petroleum products in various international markets. The committee’s special commission assessed the economic concentration resulting from the sale and concluded that it would not hinder competition. As a result, the regulatory authority approved the deal.

SDK Group And, established in 2009 and based in Shakhrikhan, Andijan region, manufactures oil, fuel, and air filters for vehicles and specialized machinery under the Filtr.uz brand. With an authorized capital of $6.88 million, the company was previously owned by the British firm Flexton System Co. and is now fully owned by Naphtha Group LLC-FZ.

In 2024, the Competition Committee reviewed a total of 139 applications related to economic concentration transactions, approving 96 deals amounting to 18 trillion UZS while rejecting only six. In December, the committee also approved the transfer of a 100% stake in IT company Itransition to a new parent entity in London, as well as the acquisition of stakes in two agricultural firms by Tashkent-based Mall Estate.

 

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