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    Uzbekistan Technology Economics

    Uzbekistan initiates tender for privatization of Invest Group Center

    Uzbekistan initiates tender for privatization of Invest Group Center

    Uzbekistan's State Asset Management Agency (UzSAMA) has commenced a competitive tender process to select a consultant for the complete privatization of Invest Group Center. This entity manages sports facilities within the Yoshlik complex, formerly owned by the National Bank of Uzbekistan. The tender aims to ensure a transparent and efficient transaction process.

    Photo: Uzbekistan initiates tender for privatization of Invest Group Center
    Source: Afisha

    Prospective consultants are tasked with analyzing investor interest comprehensively and devising a transaction procedure tailored to the specific characteristics of the asset. This includes a detailed assessment of sports facility management under Invest Group Center and an overall study of the company. The consultant will also propose strategies to enhance the asset's investment appeal and oversee the sale process, from preparing marketing materials to supporting the transaction.

    Applications for the tender, accepted in Russian, Uzbek, or English languages, should be submitted via email to tender@davaktiv.uz by 18:00 Tashkent time on July 3.

    Eligible participants include individual firms and consortiums with a lead partner, with prior experience in similar transactions within the CIS countries preferred.

    Established in 1999, Invest Group Center has an authorized capital of UZS 6.3bn (around $500,000) and plays a crucial role in managing sports facilities vital to the Yoshlik complex. The privatization initiative aligns with Uzbekistan's broader economic reforms, aimed at attracting private investment and improving efficiency in state-owned enterprises.

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    19.06.2024, 23:02   Comments (0)   1512
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