Tashkent, Uzbekistan (UzDaily.com) - The first stage of the sale of the state share in the authorized capital of Coca-cola Ichimligi Uzbekiston, Ltd has been completed. The press service of the State Assets Management Agency said in a statement.

The State Assets Management Agency announced the beginning of the sale of the state share in the authorized capital of the company on 16 December 2020.

The agency notes that proposals from applicants interested in acquiring the state share were accepted until 15 January 2021.

The Agency and the Financial Consultant received proposals for the acquisition of a state share from a number of applicants from countries of the continents of Asia, Europe, America, and Africa.

Taking into account Article 20 of the Law of the Republic of Uzbekistan "On Limited and Additional Liability Companies", also in accordance with the charter and internal documents regulating the activities of the Company, all applications received from applicants were considered in agreement with the second owner of the Company, and applicants were identified who were recognized as appropriate for sale criteria, and admitted to the next stage.

The process of negotiations with these applicants will continue with the participation of international consultants involved in the sale of the state share - investment bank Rothschild & Cie (financial consultant, France) and law firm Dentons (legal consultant, UK).

At this stage, the relevant Non-Disclosure Agreements will be signed with the applicants. They will be provided with additional information about the Company, including the Information Memorandum, financial statements, business plan, reports on the results of studying the legal, financial and tax aspects of the Company's activities.