An agreement was reached on privatization of state share in the authorized capital of “Invest Group Centre” LLC
2025-05-23 19:15:00 / News
As previously reported, in accordance with the relevant privatization programs, a 100 percent state share in the charter capital of LLC “Invest Group Centre” (hereinafter – the Asset) was offered for sale, and at the stage of submitting Binding Offers (BO), three bidders were invited to participate.
At this stage, the bidders were provided with the opportunity to review comprehensive analytical information on the financial, tax, legal, and environmental activities of the Asset, prepared by the privatization advisor “Portfolio Investment,” as well as to meet with the management of the Asset.
Within the established deadlines, three bidders submitted Binding Offers (BO), and JSC “Kapitalbank,” which proposed the highest price for the asset — UZS 297.9 billion, subject to full payment within one (1) month, was declared the winner of the sales process.
In this regard, the Buyer accepted the following conditions related to the acquisition and subsequent operation of the Asset:
- To maintain the type of activity of the Asset and the sports and wellness complex on its balance sheet for a period of 10 (ten) years;
- To prohibit the construction of any buildings or structures that do not correspond to sports and wellness activities on the territory of the sports and wellness complex on the Asset’s balance sheet (excluding repair works); any repair or restoration work must be carried out strictly with the permission of the architectural and urban planning council.
It should be noted that the Buyer's offer is located in the upper part of the indicative price range calculated by the Consultant and exceeds the estimated value of the Asset .
The result of the Asset privatization was approved by the relevant decision of the State Commission for privatization of state assets and coordination privatization processes.