Tashkent, Uzbekistan (UzDaily.com) — Five companies have expressed interest in the privatization of the state share in the authorized capital of Uz-Koram Company, according to the State Assets Management Agency.

The privatization process began on 17 July 2024, with Portfolio Investments appointed as the privatization consultant.

The Agency reported that by 4 September 2024, the consultant received applications from five international and local investors. After a thorough analysis of the applications by the consultant and the State Assets Agency, four were found to meet all the established criteria. However, one applicant did not proceed to the next stage due to missing documents and insufficient financial resources to acquire the asset.

The consultant will send each of the five applicants an individual process letter outlining the results of this stage.

The four successful applicants who passed the "Expression of Interest" (EOI) stage will be invited to the next phase of the privatization process — "Submission of Binding Offers" (BO).

Upon signing a Non-Disclosure Agreement (NDA), applicants will gain access to the Virtual Data Room (VDR), which contains detailed information about the asset, including historical and forecasted financial indicators, as well as other data prepared by the consultant.

Binding offers (BO) for acquiring the asset are due by 6:00 p.m. (Tashkent time) on 16 October 2024. Before this deadline, applicants must transfer at least 1% of their proposed binding price offer as a guarantee deposit to the account of the Electronic Online Auction Organization through their personal account on the "E-auksion" electronic trading platform.