WARSAW, October 20. /Dunyo IA/.   Uzbekistan’s hospitality group TEG has completed a merger with U.S.-based “StageWise Strategies Corp.”, reports Dunyo IA correspondent, citing with the Polish Press Agency (“PAP”).

Transaction has resulted in the creation of the first Uzbek company to have its shares traded on the U.S. market. TEG has become the principal operating subsidiary of the publicly traded company “TEG Overseas, Inc.”, whose common shares will be listed on “OTC Markets”.

TEG owns and operates “Hilton Tashkent City”, “Wyndham Bukhara” and the Central Asian Exhibition Center (CAEx). In 2025, these assets generated USD 42.9 million in revenue and USD 14.4 million in net profit, increases of 22% and 215%, respectively, compared with 2024.

According to the agency, Uzbekistan welcomed approximately 11.7 million foreign tourists in 2025, nearly 47% more than a year earlier. TEG is part of “AKFA Group”, one of the largest private business groups in Central Asia.