Tashkent, Uzbekistan (UzDaily.com) -- The authorities of Uzbekistan plan to sell shares in 7 state-owned companies on the international market.

President of Uzbekistan Shavkat Mirziyoyev approved a list of state blocks of shares that will be put up for auction on the international market with the involvement of professional consultants.

In the fourth quarter of 2024, it is planned to sell 100% of the state share in the Dekhkanabad Potash Plant, as well as 75.2% of the state share in the Samarkand Automobile Plant (SamAuto).

State shares in the insurance companies Uzbekinvest (79.4%) and Uzagrosugurta (94.5%), as well as in the Inter Hotel (100%) and Thermal Power Plants JSC (51%) will also be put up for sale. .

The Tashkent Metallurgical Plant will also be privatized through the sale of a state share of 49.9%.

In addition, in 2025 it is planned to sell up to 5% of the shares of four large state-owned companies on the international stock market. The secondary offering (SPO) of Uzbekhydroenergo is scheduled for the second quarter, and the primary offerings (IPO) of the Navoi Mining and Metallurgical Combine, Uzbektelecom and the Almalyk Navoi Mining and Metallurgical Combine are scheduled for the third and fourth quarters, respectively.

Working groups will be involved in preparations for privatization.