Tashkent, Uzbekistan (UzDaily.com) -- Two investors expressed interest in the privatization of the state share in the authorized capital of “Foton” JSC, by the State Assets Management Agency said.

The State Assets Management Agency announced express of interest stage of the privatization process of the state share in the authorized capital of “Foton” JSC in July.

Abrau Capitalwas attracted as a privatization consultant to carry out the process of privatization of this state asset. The consultant has received expressions of interest from 2 investors by 15 August 2023.

All proposals were studied and approved.

Accordingly, applicants who have successfully passed the Express of interest stage will be invited to participate in the next submission of Binding offers (BO) stage of the privatization process, and Process Letter with detailed information on this stage will be addressed to them.

Once applicants have signed a Non-Disclosure Agreement (NDA), they will be granted access to a Virtual data room (VDR) containing detailed information about the Asset, including historical and forecast financial performance, and other information prepared by the Consultant.

Binding offers (BO) for purchase of the Asset are accepted by Consultant until 18:00 (Tashkent time) 25 September 2023.