In global capital markets, the Rothschild name represents more than just a historical brand; it is the chief architect of multi-billion-dollar capital flows, strategic acquisitions, and massive privatization processes. With over 200 years of heritage, the financial holding company controlled by the French and English branches of the Rothschild family has deeply penetrated the Uzbek market as a core strategist directing major capital streams. The company's financial metrics clearly demonstrate its global reach. In 2025 alone, the holding generated a turnover of 1.4 billion dollars and a net profit exceeding 160 million dollars. Last year, Rothschild managed 694 transactions with a total value of 673 billion dollars.
Rothschild & Co entered the Uzbek financial market in 2018. Giovanni Salvetti, a senior managing director at the firm, recognized the immense financial potential in the new administration's commitment to economic modernization and market liberalization. They initially applied the successful model they had executed in Kazakhstan, where they advised the government on the privatization of state assets, to the market in Tashkent.
In one of the government's first landmark projects—the sale of a 57.1 percent state stake in Coca-Cola Ichimligi Uzbekistan—Rothschild & Co served directly as the primary financial consultant. The firm ensured the transparency of the transaction in accordance with international financial market standards, attracted global investors, and established the real market valuation of the asset being sold. This process marked one of Rothschild's first major financial operations in the country, effectively stress-testing the government's privatization program.
However, Rothschild & Co successfully closed one of its most massive deals in Uzbekistan by August 2026. The government privatized a 100 percent state stake in the mobile operator Mobiuz, and in this international tender, Rothschild & Co fully managed the process as the strategic advisor. A consortium led by the United States investment fund McKim and Company, alongside technology partner JVR Capital Group, won the open competition. The mobile operator's business was valued at 351 million dollars, reflecting an EV/EBITDA multiple of 7.4x, which significantly exceeded the expectations of independent appraisers. More importantly, beyond acquiring the asset, the new investors committed to injecting an additional 500 million dollars in direct investments to develop the company's telecommunications infrastructure. Over 100 strategic investors from America, Japan, Europe, and the Gulf States showed interest in this project, and the receipt of 6 binding financial offers proves the massive scale and attractiveness of the deal.
Today, the holding is managing other billion-dollar operations in Uzbekistan. These include preparing the energy giant Uzbekneftegaz for privatization and securing syndicated loans from international capital markets to modernize Uztransgaz networks. In the banking sector, Rothschild experts are directly organizing roadshows in global financial markets for foreign investors regarding the privatization of Uzpromstroybank and structuring the mechanisms to sell the bank's state share. The company is designing the architecture for major state-owned enterprises to launch IPOs on international stock exchanges.
For the emerging economy of Uzbekistan, the presence of players like Rothschild & Co is not merely about prestige; it is a critical necessity. They act as a definitive financial validator for the owners of massive private capital in international stock markets, confirming that Uzbekistan is a stable and secure market. The involvement of this financial institution in transitioning large state enterprises to a market economy, aligning corporate governance with international standards, and selling assets to foreign capital at premium valuations serves as the primary bridge integrating Uzbekistan into the global financial ecosystem.
