Uzbekistan reveals plans to sell shares in several state-owned enterprises (SOEs) via Initial Public Offerings (IPOs) and Secondary Public Offerings (SPOs) on the domestic stock exchange. The shares on offer vary from a minimum of 2.4% to a maximum of 5%, depending on the enterprise.
Key sectors and opportunities
Several high-profile enterprises are lined up for share sales:
- Almalyk Mining and Metallurgical Company (AMMC), a mining industry giant, is offering 2% of its shares for sale, with the state retaining a 98.5% stake.
- UzTelecom, the telecommunications frontrunner, will have a 2% share available, with the government holding onto a 94.5% interest.
- Uzbekistan Post is offering a larger share of 5% for sale, from the state’s holding of 31.5%.
- The Uzbekistan Commodity Exchange and Toshkent Stock Exchange, financial sector entities, will also see a partial release of shares amounting to 2.4% and 5% respectively.
- UzAuto Motors Powertrain, a key player in the automotive industry, is set for a 5% share sale, reducing the state’s stake to 75%.
Full disinvestment in certain sectors
The government has chosen to sell 100% of shares in several enterprises, indicating a complete exit from business operations in those areas. These include Electronic Auction, Uzbek Geological Survey, UzbekGeoPhysics, UzbekHydroEnergo, and UzRailwayCargo. UzRailwayContainer is an exception, with the state aiming to sell 4% out of its 90% holding.
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