The State Assets Management Agency announced the privatization of a stake in UztemirYulKonteyner. Cotton Logistics became the winner in bids for a 35% stake of UztemirYulKonteyner, which is part of Uzbekistan Railways, which offered 200 billion soums. Reportedly the bidder's offer was above the estimated value of the enterprise.
Reportedly, the consulting company Alkes Research, which accompanied the deal, sent out investment teasers to various potential investors. As a result, 6 bids of interest were received from local and international investors from the CIS countries, the Gulf countries, Southeast Asia and Europe.
5 biddrs advanced to the next stage and only 3 submitted their binding offers.
Cotton Logistics vowed to digitalize the enterprise's business processes, effectively use the country's transit potential, cut prices and transportation costs, and implement modern corporate management systems to ensure the sustainable development of the enterprise.
The state asset does not report in what form the payment will be made: in full or in installments.
According to the relevant privatization programs, as part of the People's IPO program, an IPO of 4% share of UztemirYulKonteyner is planned on the local stock market.
