The State Assets Management Agency of the republic of Uzbekistan

In accordance with the announcement previously published by the State Assets Management Agency and the relevant privatisation programmes, an open sales process for 100% state share in the authorized capital of Sherobod sement zavodi LLC and 99.55% state share in the authorized capital of Shargʻunkoʻmir JSC has been launched.

 

Over the past period, as part of large-scale measures to inform and promote this privatization process, “Alkes Research” company, engaged by the State Assets Management Agency as a privatization consultant (hereinafter — the Consultant), distributed investment teasers for the companies to potential strategic and financial investors.

 

As a result, by the established deadline of 25 June 2026 at 23:59 (Tashkent time), the Consultant received Expressions of Interest (EoI) from 6 international and local investors for the acquisition of the companies.

 

The Consultant reviewed the applications received for compliance with the criteria set out in the announcement for this stage. Based on the results of the review, all applicants were deemed to fully meet the requirements specified in the announcement. They will be provided with individual letters outlining the required next steps, as well as Process Letters setting out the procedures for the process and participation in the next stage of the privatization process — the submission of Binding Offers (BO).

 

Information on the Next Stage.

 

All applicants that have expressed an interest in acquiring the companies will:

 

be required to execute a Non-Disclosure Agreement (NDA);

 

be granted access to a Virtual Data Room (VDR) containing financial, legal and operational information on the companies, as well as analytical reports prepared by the Consultant;

 

have an opportunity to visit the companies and familiarise themselves with their operations and management bodies.

 

Binding Offers (BOs) will be accepted by the Consultant until 23:59 on 10 September 2026 (Tashkent time).

 

By the expiry of the above deadline, applicants will also be required to transfer, through their personal accounts on the "E-auksion" electronic trading platform, a guarantee deposit of at least 1% of the amount of their proposed binding price offer. The guarantee deposit will be refunded to the participants upon completion of the process, while the guarantee deposit of the successful bidder in the privatisation process will be transferred to the Privatisation Fund as part of the purchase price for the companies.

 

Information regarding the personal accounts and bank account details to be opened on the «E-auksion» electronic trading platform will be communicated to the participants by the Consultant through individual (Process Letters).

 

The State Assets Management Agency expresses its appreciation to all participants that have demonstrated an interest in the privatisation processes and submitted applications and looks forward to further constructive cooperation with the applicants that have successfully completed the Expression of Interest stage for the acquisition of the companies.

 

Disclaimer

 

Neither this announcement nor any part of its contents shall be construed as creating any form of obligation on the part of the State Assets Management Agency or Alkes Research in connection with the sale of the companies that might otherwise be inferred from the publication of this announcement. The State Assets Management Agency and Alkes Research reserve the right, at their sole discretion, at any time and in any respect, without assuming any joint or individual liability, to:

 

(i) amend the deadlines for the submission of applications;

 

(ii) modify the stages of the sale processes;

 

(iii) apply different procedures to different interested parties and/or conduct negotiations with one or more potential purchasers within the timetable and procedures contemplated by the State Assets Management Agency and Alkes Research, while excluding any other potential purchaser(s) without prior notice;

 

(iv) terminate the sale process for any reason;

 

(v) and/or terminate, at any time and without providing any reason, any and all discussions and negotiations with any potential purchaser(s) relating to the sale of the companies.