Wednesday, 22, May, 2019

President Shavkat Mirziyoyev signed the Measures to Further Improve Mechanisms for Attracting Foreign Direct Investments in the Uzbek Economy approving the list of state-owned stakes to be put up for sale.

According to the document, investors will be offered 25% of the state stake in Aloqabank, Turonbank, Asia Alliance Bank and Kafolat insurance company. Also are put for sale the 35.9% shares in Kyzylkumcement and 74.98% in Kvarz.

57% of government stake in Coca-Cola Bottlers Uzbekistan are also up for grabs.

The Government will also put up for sale from 51% to 84.5% of its shares in six oil and fat companies, from 51% to 71.2% in alcoholic beverage factories, 51% of Fergana Azot, 51% of Kungrad Soda Plant, over 51% of Dekhoqnobod Soda Plant, 99% in Angren TPP and 99.59% in Yangi-Angren TPP.

The government will also sell its stakes in eight oil and gas companies.

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