Tashkent, Uzbekistan (UzDaily.com) -- The Agency for State Asset Management (AUGA) of Uzbekistan has initiated the process of selling 100% of the state-owned share in LLC Neftgazmontaj.

Applications from potential investors will be accepted until 27 August, the agency reports.

Mosaic Financial is acting as the privatization consultant.

Neftgazmontaj is engaged in performing complex construction and installation works of all levels. The company has a wide range of vehicles, construction machinery, and equipment necessary for such works at its disposal.

The company has been operating in the Uzbek market since 2004. The authorized capital amounts to US$4.3 million.

According to the financial report, in the first quarter of 2024, the net profit of the enterprise amounted to 147.5 million soums, which is 3.6 times higher compared to the same period last year.

However, the company’s revenue for the year decreased from 25.3 billion to 20 billion soums.