The State Asset Management Agency has reported on the progress of the privatization of stakes in the companies "Avtokomponent" and Avto Climate Control.
Since August, buyers have been offered stakes of 98.8% and 100%, respectively. Portfolio Investments is serving as the consultant for the deal.
As of October 30, applications expressing interest in the stake of "Avtokomponent" were received from 2 local investors. Three local and foreign investors have expressed a desire to acquire Avto Climate Control.
All applications were assessed for compliance with criteria, including financial resource adequacy and absence from the sanctions lists of the USA, EU, and international development banks. Following the analysis, all candidates proceeded to the next stage.
They are now invited to submit binding offers by 6:00 PM Tashkent time on November 20. Additionally, they must transfer at least 1% of the proposed amount as a guarantee payment through their personal account on E-auksion.
About the Companies
- LLC "Avtokomponent" was established in 2010 and is engaged in the production of profiles, mufflers, exhaust systems for vehicles, as well as round pipes. The charter capital is 969.5 million sums.
- Avto Climate Control was also founded in 2010 and manufactures automotive heating and cooling systems. The charter capital is 12.59 billion sums.
The buyer will be required to maintain the profile of the enterprises for 10 years and not reduce the workforce for 2 years after the deal. More details about the privatization of "Avtokomponent" and Avto Climate Control can be found here and here, respectively.
Earlier, Spot reported that AUGA extended the application deadline for the privatization of "Neftegazmontazh" for the second time.