The state tender commission of Uzbekistan has announced an open tender to sell state shares in Uzbekiston Shampani to foreign investors.

On offer are 51% of shares with a starting price of at least $2.3 million. UZBEKISTON SHAMPANI’s investment obligations are put at $1.2m. The highest price for the stake and the largest volume of investment obligations are cited as the winning bid for a foreign company.

Uzbekiston Shampani operates in Tashkent. It primarily produces sparkling wines and other carbonated alcoholic beverages.