Tashkent, Uzbekistan (UzDaily.com) — The Agency for State Asset Management of Uzbekistan has extended the open auction process for the 94.9% state share in the authorized capital of Uzagrosanoatloyikha LLC until February 2025.

The auction process began in November 2024, with Abrau Capital, a consultant using advanced international experience, engaged for the privatization process.

Initially, binding price proposals were to be submitted by three bidders who passed the stage of receiving Binding Offers (BO) by 23 December 2024. However, all proposals were below the estimated market value of the asset.

As a result, the sale process will continue from the Expression of Interest stage. The Agency for State Assets has notified all interested parties of the extension of the submission deadline for the Expression of Interest until 11:59 PM (Tashkent time) on 4 February 2025.

All other terms of the previous announcement remain unchanged.