Tashkent, Uzbekistan (UzDaily.com) – The privatization process for the state shares in "Toshuyjoyliti" (61.6%) and "Uzengineering" (100%) has been launched. This was stated by the Agency for Management of State Assets (AUGA).

Abrau Capital has been appointed as the consultant for both transactions.

According to AUGA, the buyer selection process will occur in two stages.

In the first stage, interested parties must submit an Expression of Interest. Applications for both assets will be accepted until 18:00 Tashkent time on August 22.

Candidates who meet the criteria will advance to the binding offer stage. At this stage, a deposit of at least 1% of the proposed value of the asset will be required.

The Institute "Toshuyjoyliti" specializes in developing regulatory documentation for the construction of civil structures and ensuring their seismic resistance, as well as standardized construction projects.

The Republican Design Institute "Uzengineering" focuses on the development of preliminary and design documentation for the construction, reconstruction, and modernization of production, civil, and infrastructure facilities.