Tashkent, Uzbekistan (UzDaily.com) — The Agency for State Asset Management (AUGA) has announced the extension of the deadline for submitting bids for the purchase of 100% shares of "Avtooyna."
In September, four bidders submitted their applications, and two were allowed to submit binding offers. However, the prices proposed by the two bidders were lower than the estimated value of the asset.
To ensure a competitive environment during the privatization process, AGSA has set a new deadline for submitting bids — 20 January 2025.
"Avtooyna" is involved in the production of automotive glass in over 150 different types and sizes, with an annual production capacity exceeding 420,000 units. The company utilizes technologies from renowned international brands such as Bystronic Glass (Switzerland), Cugher, Ctriulzi, Mario Argiro, Kera Glass (Italy), Glassrobots, Pilkington (Finland), and Vetrotool (Spain).
The privatization of 100% shares in "Avtooyna" and Uz-Koram was initiated in July 2024. Initially, applications for interest in the asset were accepted until 27 August, but following requests from potential investors, the deadline was extended to 4 September.