The State Assets Management Agency of the republic of Uzbekistan

In accordance with the announcement dated July 10 this year, an international open sales process for 99,35% state shares in the charter capital of JSC “Uzagrosugurta” (hereinafter — Asset) has been launched.

 

Over the past period, as part of large-scale measures to inform and promote this privatization process, the international company “Deloitte” (hereinafter – Consultant) sent investment teasers to potential strategic and financial investors.

 

As a result, by the established deadline of 23:59 (Tashkent time) on August 22, 2025, the Consultant received Expressions of Interest (EoI) from 4 investors.

 

The submitted EoIs were reviewed by the Consultants for compliance with the previously established criteria for this stage:

• Sufficient financial resources;
• Absence of any legal obstacles;
• Compliance with legislation on anti-money laundering and counteracting the financing of terrorism;
• Absence from sanctions lists of the European Union, the United States, and international financial institutions;
• Not a state-owned company.

 

After reviewing the applications received, the Consultant determined that all applicants fully complied with the above criteria and invited them to participate in the next stage of the privatization process—the submission of Binding Offers (BO). The Consultant will send detailed information about the process (Process Letter) to each applicant individually.

 

Information about the next stage:

 

All applicants who have expressed interest in acquiring the Asset:

• are required to sign a Non-Disclosure Agreement (NDA);
• will be granted access to a virtual data room (VDR) containing financial, legal, and operational information about the Asset, as well as analytical reports prepared by the Consultant;
• will be given the opportunity to visit the Asset and ask questions to its management.

 

Binding Offers (BO) will be accepted by Consultant until 23:59 (Tashkent time) on October 15, 2025.

 

By the specified deadline, applicants are required to make a security payment of at least 1% of the amount of their binding offer to the special account of JSC “Organization of Electronic Online Auctions” through their personal account opened on the electronic trading platform “E-auksion”. Security payment:

• is returned to the applicant if they are not declared the winner;
• is credited towards purchase price if the applicant is declared the winner.

 

The details of the personal account and the procedure for its use will be provided by the Consultant via an individual Process Letter.

 

The State Assets Management Agency expresses its gratitude to all participants who have expressed interest in the privatization process and submitted applications, and expresses its confidence in further constructive cooperation with the applicants who have successfully passed the stage of Expression of Interest.

 

Disclamer

This announcement, or any part of its content, should not be taken as a form of obligation on the part of the State Assets Management Agency, "Deloitte" in relation to the Asset sale, as one might assume in connection with the publication of this announcement. the State Assets Management Agency and "Deloitte" reserves the right, in its sole discretion, at any time and in any respect, without assuming joint or individual responsibility:

(i) Change the deadline for submission of applications;

(ii) Change the stages of the sales process;

(iii) Follow different procedures with respect to different stakeholders and/or negotiate with one or more potential buyers within the schedule and procedure established jointly by the the State Assets Management Agency and "Deloitte", to the exclusion of any other potential buyer(s) without prior notice;

(iv) Stop the sale process for any reason;

(v) Stop all discussions and negotiations with any potential buyer(s) in relation to the Transaction at any time and without explanation.