Tashkent, Uzbekistan (UzDaily.com) — Three investors have shown interest in acquiring a 100% government stake in the authorized capital of "Neftgazmontaj" LLC, according to the Agency for State Asset Management.

Mosaic Financial is acting as the consultant for the privatization process.

At the Expression of Interest (EOI) stage, three investors submitted their applications, all of which were analyzed by the consultant, and all three were approved for the next stage of the privatization process.

After signing non-disclosure agreements (NDA), participants will gain access to the Virtual Data Room (VDR), which will provide detailed financial, legal, and operational information about the asset, including an analytical report prepared by the consultant.

During the preparation of binding offers, the consultant will provide a "Term Sheet" outlining obligations such as maintaining the company’s core business operations for at least five years and preserving existing jobs and workforce levels, which participants must accept when submitting their binding offers.

Binding offers (BO) for the asset acquisition will be accepted by the consultant until 6:00 PM (Tashkent time) on October 31, 2024.

Additionally, by this deadline, participants are required to deposit at least 1% of their proposed binding price offer as a guarantee payment through their personal account on the E-auksion electronic trading platform. This deposit will be refunded if the participant is not declared the winner; if they win, the deposit will count towards the final payment.

Neftgazmontaj LLC specializes in complex construction and installation work, with a large fleet of vehicles, specialized construction equipment, and machinery. The company has been operating in Uzbekistan since 2004, with an authorized capital of $4.3 million.

According to financial reports, in the first quarter of 2024, the company’s net profit reached 147.5 million soums, which is 3.6 times higher than the figure for the same period last year. However, revenue for this period decreased from 25.3 billion soums to 20 billion soums.