Tashkent, Uzbekistan (UzDaily.com) —  The State Assets Management Agency (AUGA) has approved three bidders to participate in the sale of a 94.9% state share in the project company Uzagrosanoatloyiha, according to the agency’s press service.

The first phase of the privatization process, lasting one month, concluded on December 5.

Abrau Capital, the asset privatization consultant, received applications from three local investors interested in acquiring the stake. After reviewing the applications, the consultant decided to allow all candidates to proceed to the next stage of the privatization process.

Binding offers for the state asset must be submitted by 6:00 PM on 23 December. Participants in the next phase are required to deposit at least 1% of their proposed purchase price as a guarantee payment through their accounts on the E-auksion platform.

Uzagrosanoatloyiha specializes in designing horticultural facilities, production units for fruit and vegetable processing, livestock product processing plants, milling complexes, and farming infrastructure projects.

The company also develops housing and social infrastructure projects. As of now, its charter capital amounts to 385.65 million soums, according to the Unified State Register of Enterprises and Organizations.