The State Assets Management Agency (SAMA) has announced the resumption of the privatization process for a portion of the state share in the Uztemiryulcontainer company, on July 15.
The agency's website details that a 35% stake in Uztemiryulcontainer, a key entity under the Uzbekistan Temir Yollari (UTY) structure, is now available for sale. The transaction is being facilitated by Alkes Research, which is serving as the consultant for this process.
Prospective buyers are invited to submit an expression of interest (EOI). The EOI must include comprehensive information about the applicant company, its shareholders, founders, beneficiaries, and financial statements for the past three years. Submissions are accepted in Uzbek, Russian, or English.
Qualified applicants will proceed to the subsequent stages of the bidding process. These applicants will be required to sign a non-disclosure agreement (NDA) before gaining access to an information memorandum that provides in-depth details about the asset.
About Uztemiryulcontainer
Established in 2002, Uztemiryulcontainer is a specialized subsidiary of Uzbekistan Temir Yollari. It is responsible for managing the container park of the state-owned railway company and provides a range of services related to the organization of container cargo transportation within Uzbekistan.
The privatization of Uztemiryulcontainer is part of a broader program approved by President Shavkat Mirziyoyev in the spring of 2023. This program aims to divest the state’s share in various enterprises to foster a more competitive and efficient market environment. Specifically, it includes the sale of UTY’s share in Uztemiryulcontainer, with plans to sell 4% of the container park operator's shares through a “people's IPO.”
Applications for purchasing shares began in September 2023, but the process was halted less than a month later due to the ongoing reorganization of UTY. This reorganization included the establishment of Temiryulcargo, a new company within UTY, based on Uztemiryulcontainer.
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