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    UzSAMA sells $21.3mn of state shares in four grain enterprises

    UzSAMA sells $21.3mn of state shares in four grain enterprises

    The State Assets Management Agency (UzSAMA) has successfully sold state shares in four-grain enterprises for a total of $21.3mn. This significant transaction is part of a broader effort to privatize state-owned assets and stimulate economic growth.

    Photo: UzSAMA’s $21.3mn milestone in privatization
    Source: Ukranews

    Details of sale

    The auction saw the sale of state shares in four enterprises: “Buhorodonmahsulottlari” (51.84% of the state block of shares), “Galla-Alteg” (51%), “Hovos don makhsulotlari” (94.2%), and “Dunyo M” (51.8%). The total sale of state facilities amounted to UZS 263.2bn ($21.3mn).

    Buyer obligations

    Buyers are obligated to continue their main activities for at least five years, maintain the capacity of granaries, and keep the volume of grain in the state reserve at legal prices.

    Photo: Four grain enterprises’ state shares sold
    Source: Xinhuanet

    Second stage of bidding

    In addition to the completed sales, the grain enterprise “Turtkuldonmakhsuloti” and the property complexes of the branches of the grain companies “Fargonadonmakhsulottlari” and “Popdonmasulottari” have advanced to the second stage of the bidding. UzSAMA is accepting applications for these three objects through the electronic trading platform E-auksion until 18:00 on January 5, 2024.

    Re-auction of 43-grain enterprises

    Furthermore, 43-grain enterprises and property complexes have been re-putted up for auction. This move is part of UzSAMA’s ongoing efforts to privatize state-owned assets and attract foreign investment.

     

    Photo: $21.3mn boost to privatization
    Source: Spot.uz

    Previous sales

    Earlier, UzSAMA sold the Kukon Don Makhsulotlari property complex for UZS 15bn ($1.2mn). This sale, along with the recent auction, underscores UzSAMA’s commitment to fostering a competitive and dynamic economy.

     

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    29.12.2023, 23:03   Comments (0)   1138
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