Uzbekistan to sell state stakes in four enterprises
06/11/2015 12:05
Uzbekistan to sell state stakes in four enterprises
06/11/2015 12:05
Tashkent, Uzbekistan (UzDaily.com) -- The State Committee of the Republic of Uzbekistan for Privatization, Demonopolization and Development of Competition (Uzbek Competition Committee) put for sale state stake in four enterprises with starting price of US$267.6 million.
The shares of the enterprises will be realized via Uzbekistan Stock Exchange, the statement of the committee said. The first trades scheduled for 11 December.
Uzbek Competition Committee, in particular, put for sale 48.05% stake in Ferghanaazot, which is largest chemical enterprise on production of nitric fertilizers. The starting price of the package is US$152.8 million.
Investors can also buy 75% stake in Kvartz (Quartz). Kvartz is the largest enterprise in Central Asian on production of glass and glassware products. The starting price of the package is US$94.3 million.
Investors are also offered 60.35% stake in Samarkandkimyo (starting price of the package – US$13.1 million) and 61.04% shares in Jizzakh plastmassa (US$7.4 million).
At the same time, the investors should undertake investment obligations. At purchase of Kvartz, the investors should undertake obligation of investments for US$9.2 million, Samarkandkimyo – US$14.2 million and Jizzkah plastmassa – US$1.1 million.
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