Tashkent, Uzbekistan (UzDaily.com) — Eight local and international investors from Europe and Asia have expressed interest in acquiring 100% of the state-owned shares of the joint-stock company “National Interbank Processing Center” (HUMO payment system). This was reported by the Agency for State Asset Management of Uzbekistan.

The international company Deloitte has been engaged as a consultant for the privatization, while the independent appraiser is KPMG.

The agency noted that applications from eight investors were submitted for the consultant’s review. Out of these, six candidates were admitted to the next stage of privatization after reviewing all the submitted applications.

The admitted candidates will receive individual procedural letters (process letters) from the consultant, detailing the next steps in the privatization process.

After signing Non-Disclosure Agreements (NDAs), participants will gain access to a Virtual Data Room (VDR), where detailed financial, legal, and operational information about the asset will be provided, including an analytical report from the consultant.

Participants will be able to thoroughly review the provided information, conduct their own due diligence on the asset, and prepare their binding offers.

During the preparation of binding offers, participants will receive the key conditions for the purchase and further operations of the asset (Term sheet), which comply with the requirements of the Law of the Republic of Uzbekistan “On Payments and Payment Systems” and “On Personal Data.” These conditions must be accepted by participants simultaneously with the submission of their binding offers.

Binding offers will be accepted by the consultant until 23:59 (Tashkent time) on 15 November 2024.

Before this deadline, candidates must submit at least 1% of the amount of their binding price offer as a guarantee payment (deposit) through their personal account on the electronic trading platform “E-auksion.”

This guarantee payment (deposit) will be returned to participants upon completion of the process, and the amount of the winning bidder’s guarantee payment (deposit) will be transferred to the Privatization Fund as part of the purchase payment.

It was previously reported that the Kazakh company Kaspi plans to participate in the bidding for the sale of 100% of the state share in the authorized capital of the National Interbank Processing Center, which operates the HUMO payment system.