The president Shavkat Mirziyoyev signed the Privatization of large state-owned enterprises in international markets Decree Monday.
The Decree has outlined the following main target indicators from the sale of large state-owned enterprises in international and domestic markets:
- public offering of shares (stakes) of 29 large state-owned enterprises hiring major international consultants;
- conducting an initial public offering (IPO) and (or) secondary public offering (SPO) of shares of 12 large state-owned enterprises on international and domestic stock markets.
Open public auctions of thermal power plants shall be announced on the international market before July 1, 2025 based on a guarantee from the Ministry of Energy for a minimum volumes of fuel supply.
In addition, by December 1, 2025, the state-owned enterprises reform and privatization strategy 2030 shall be developed.
Among enterprises whose government stakes are put up for public auction in the international and domestic markets are UMS, UzAuto Motors, Uzbekistan GTL, Uzbekinvest, Uzagrosugurta, thermal power plants, Uzagroleasing, Tashkent Tractor Plant, and others.
