Tashkent, Uzbekistan (UzDaily.com) —  Two international investors have expressed interest in acquiring a 70% state share in the charter capital of UZ CHASYS LLC. The State Assets Management Agency said in a statement.

On 16 November 2024, the Agency announced the opening of applications for the Expression of Interest phase for the privatization of the 70% state share in the company’s charter capital.

Portfolio Investments was appointed as the privatization consultant to support the process. By the established deadline of 17 December 2024, the consultant received applications from two international investors interested in acquiring the asset.

After a detailed review, all submitted applications were approved, and the applicants moved to the next stage of privatization.

In the next phase, participants must submit binding offers for the asset purchase. The deadline for submitting offers is set for 11:59 PM (Tashkent time) on 31 January 2025.

Additionally, participants must submit a guarantee payment of at least 1% of the proposed offer value by the deadline. This payment must be made through the personal account on the "E-auksion" electronic platform. Guarantee payments will be refunded to all participants at the end of the privatization process, except for the winner, for whom this amount will be credited as part of the final payment and transferred to the Privatization Fund.

UZ CHASYS LLC, founded in 2008, specializes in manufacturing automotive lighting systems and holds a significant position in the market for such products.