The State Assets Management Agency of the republic of Uzbekistan

In accordance with the announcement dated August 15 this year, an open sales process for 100% state shares in the charter capital of LLC “Boysunkomir” (hereinafter — Enterprise) has been launched.

 

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

 

As a result, by the established deadline of 23:59 (Tashkent time) on September 20, 2025, the Consultant received Expressions of Interest (EoI) from 4 international and local investors.

 

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

• 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 Enterprise, as well as analytical reports prepared by the Consultant;
• will be given the opportunity to visit the Enterprise and familiarize with its activities and its management body.

 

Binding Offers (BO) will be accepted by Consultant until 23:59 (Tashkent time) on October 27, 2025.

 

Before the mentioned deadline, the applicants will also have to transfer, through their personal account in the electronic trading platform "E-auksion", at least 1% of the amount of the proposed binding price offer as a guarantee payment (mortgage). In this case, this guarantee payment is returned to the participants upon completion of the process, and the guarantee payment of the winner of the privatization process is transferred to the Privatization fund as part of the redemption payment.

 

The personal account and bank account details opened on the electronic trading platform "E-auksion" will be sent to participants by the Consultant via individual Process letters.

 

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 EoI.

 

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, "Alkes Research" in relation to the Enterprise sale, as one might assume in connection with the publication of this announcement. the State Assets Management Agency and "Alkes Research" 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 "Alkes Research", 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.