The process of selling a 70% state stake in the charter capital of UZ CHASYS has begun.

The authorized capital of the company amounts to 12.96 billion sums.

Of this, 30% of the share in the company's authorized capital belongs to the Korean company AMS CO.LTD, which has also expressed its intention to sell its stake under the same conditions as the State Assets Agency.

It is important to note that the sale of the 70% state share does not impose any obligation on AMS CO.LTD to sell its stake.

The sale will be conducted through a public invitation to negotiations, open to all interested parties.

The buyer selection process will consist of two stages: Expression of Interest and submission of binding offers (BO). At the final stage, candidates will be required to make a security deposit of at least 1% of the proposed price.

The tender winner is obligated to maintain the core business operations of the enterprise for at least 10 years and to adhere to licensing agreements for technical support with suppliers approved by General Motors (USA), as well as to comply with all restrictions set forth in the Main Alliance agreements regarding the use of technological equipment.

Furthermore, the winner must retain jobs and staff levels at the enterprise for 2 years and must not reduce wage levels or worsen the terms of employment contracts.

Applications to participate in the Expression of Interest process will be accepted until 6:00 PM (Tashkent time) on December 17, 2024.