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.
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.
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.
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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