Tashkent, Uzbekistan (UzDaily.com) -- UzAssets Investment Company announced a plan to sell 51.48% of shares in the authorized capital of “Uzbekiston Shampani” JSC on the basis of competition.

The privatization processes of 51.48% of the shares in the authorized capital of “Uzbekiston Shampani” JSC were carried out with the involvement of an international consulting company - KPMG.

Following the results of the open privatization process, the applicant who submitted the most acceptable offer for the price and other requirements of the contract was recognized as the winner of the competition. However, the winner of this competition did not sign the relevant purchase and sale agreement.

In this regard, based on the relevant decision of the State Tender Commission, it was decided to cancel the results of the initial sales process and re-start the sales process.

Accordingly, UzAssets announces a plan to continue the process of selling 51.48% of the shares in the authorized capital of “Uzbekiston Shampani” JSC on the basis of competition.

“Uzbekiston Shampani” JSC is located in Tashkent and was launched in 1942. The main activity of the company is the production of champagne and other carbonated wine drinks, as well as the processing of wine materials. By the end of 2021, the company’s profit amounted to 65.6 billion soums, net profit – 2.0 billion soums, net assets – 12.0 billion soums.