Uzbekistan's state stakes in Sherobod Cement Plant, wholly state-owned, and Shargunkumir, 99.55 percent state-owned, have been put up for sale as a single lot, the Agency for the Management of State Assets said in an update.
According to the agency, six local and foreign investors submitted bids to acquire the two enterprises. Alkes Research has been retained as privatization consultant for the deal.
The consultant reviewed the bids against the criteria set out in the tender announcement for this stage and found that every applicant met the requirements in full, the agency said. Each will receive an individual letter outlining next steps, along with a process letter setting out the procedure for the next phase of the sale — submission of binding offers.
The window for binding offers runs until 11:59 p.m. on September 10. To participate, applicants must deposit a good-faith payment of at least 1 percent of their proposed purchase price through their personal account on the E-Auksion platform by that deadline.
Sherobod Cement Plant, located in Surkhandarya province, has the capacity to produce up to 1.5 million tons of cement a year. Its assets include buildings and structures covering 57,500 square meters, an 84-hectare land plot held under permanent use rights, and a 500.7-hectare area containing underground mineral reserves.
Shargunkumir, also based in Surkhandarya province, is one of Uzbekistan's largest coal-mining operations, extracting nearly 900,000 tons of coal a year. The company operates its own 12.5-kilometer rail line and a coal-processing plant.
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