The State Asset Management Agency (SAMA) of Uzbekistan has initiated a public auction for the sale of the state's 50% stake in UzAuto Inzi, a joint venture specializing in aluminum automotive parts production. Established in 2015 and situated in Tashkent's Sergeli district, UzAuto Inzi operates on a 6.9-hectare site in the Kumaryk mahalla.
UzAuto Inzi holds assets valued at around UZS 122.6bn ($9.8mn), with an annual profit of UZS 3.15bn ($250,595). Despite profitability, the company faces financial complexities, including debts totaling UZS 17bn ($1.4mn) and outstanding receivables amounting to UZS 97.5 bn ($7.8mn).
The auction starts with a minimum bid of UZS 113.35bn ($9mn). Interested parties must submit applications by August 5, with the auction results to be announced on the same day.
This auction aligns with Uzbekistan's strategy to enhance private sector involvement and efficiency in state-owned enterprises. Privatizing UzAuto Inzi aims to attract investment for modernizing operations and expanding market presence in the global automotive parts sector.
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