Uzbekistan State Offering State Share in 93-Special Enterprise
Uzbekistan’s State Asset Management Agency (UzSAMA) has initiated the sale of the state share in the construction and installation state enterprise “93-maxsus trest”. The auction for the sale of 85.71% of shares in the authorized capital of the enterprise will take place on a special trading platform of the SPP Nego stock exchange, with the initial cost of the asset set at 42.49 billion soums.
The auction is scheduled for July 24, with a total of 5.39 million shares being offered at 7,872 soums each. The winner of the exchange transaction will be the applicant with the highest offer. Interested parties can contact the UzSAMA department in the capital at the numbers: 71-207-05-19 and 97-381-75-75 for additional information.
“93-maxsus trest” has a strong reputation in the industry, with expertise in the installation and commissioning of technological equipment, industrial structures, pumping systems, and other complex mechanisms. The company’s operations span across 16 divisions in 9 regions of Uzbekistan.
The privatization initiative was announced by UzSAMA in June 2022, with the state looking to divest its stake in the company. A consortium of companies led by Merritz has been engaged as a consultant for the transaction.
Exchange trading for the sale of the state share in “93-maxsus trest” began on July 24, marking a significant step in the privatization process. Investors and stakeholders in the industry are closely watching the auction, which is expected to generate significant interest and participation.
