Tashkent, Uzbekistan (UzDaily.com) -- Hyper Partners will acquire 51% state stake in the authorized capital of Urta Osiyo Trans JSC for 65 billion soums, the State Assets Management Agency (UzSAMA) said.

UzSAMA stated that it reached an agreement on sale of state block of shares in the amount of 51.0% in the authorized capital of Urta Osiyo Trans JSC for 65.0 billion soums with Hyper Partners LLC.

Within the privatization process, three local and foreign investors expressed interest in purchase of the state stake in the company. Two applicants applicants were admitted to the next Binding Offers (BO) stage of the privatization process.

Based on the results of the analysis of the received Binding Offers (BO) for compliance with the qualification requirements, availability of experience in the region, closing conditions of the Transaction and providing the best redemption price exceeding the independent appraisal of the Company, Hyper Partners LLC has been selected as the winner of the tender.