The investment company UzAssets under the State-Owned Assets Management Agency announced its intention to sell its stake in Uzbekistan Champagne of 51.48%. KPMG was selected as a consultant.
The sales process consists of two stages:
- receiving bids in the form of a letter and shortlisting of participants;
- review of commercial and financial proposals and entering into a deal.
The bids must be sent no later than 18:00 Tashkent time on August 9. By August 12, a short-list for the second stage will be announced. They will sign a Non-disclosure agreement (NDA) by August 16, and then they will receive detailed information about the company.
In the second stage bidders will be asked to submit a binding offer to enter into a deal by September 9th. The deal itself will be in accordance with the rules of the Republican Stock Exchange Toshkent and the legislation of Uzbekistan.
About Uzbekistan Champagne
The company positions itself as the only specialized plant for the production of the local champagne, sparkling and carbonated wines (founded in 1942).
The current production capacity is at 788 thousand decaliters of alcoholic beverages per year, the capacity is utilized by 62% in 2020.
Most produce is sold on the domestic market. Some of the products are exported to India, Korea, Mongolia.
The company has its own raw material base, and also uses imported raw materials from Portugal, Russia, France.
The total number of employees is over 200 people;
The company revenue for 2020 was 65.6 billion soums, the net profit is 2 billion soums, the return on equity is more than 17.2%.
The state is also preparing for the privatization of other wine-making enterprises - Samarkand winery , Toshkentvino, Nukus wine plant, Shakhrisabz wine-vodka, Sirdaryo wine and others.
