Six Investors Join Privatization of Uzbek Cement and Coal Firms

Tashkent, Uzbekistan (UzDaily.uz) — Six international and local investors have passed the expression of interest stage to acquire a 100% state stake in Sherobod sement zavodi LLC and a 99.55% state-owned shareholding in Shargʻunkoʻmir JSC, the State Assets Management Agency of Uzbekistan said.

Expressions of interest (EoI) were accepted until 11:59 p.m. Tashkent time on 25 June 2026. Alkes Research is acting as the privatization adviser and sent investment teasers for the enterprises to potential strategic and financial investors.

Following an analysis of the applications, all six bidders were found to meet the requirements established for this stage. They will receive individual letters outlining the next steps and procedures for the following stage of the privatization process.

At the next stage, the bidders must sign non-disclosure agreements. They will then receive access to a virtual data room containing financial, legal and operational information about the enterprises, as well as analytical materials prepared by the adviser.

Participants will also be able to visit the enterprises, review their operations and familiarize themselves with the work of their governing bodies.

Binding offers (BOs) will be accepted by the adviser until 11:59 p.m. Tashkent time on 10 September 2026.

Before that deadline, participants must make a guarantee payment of at least 1% of the amount of their proposed binding price offer through their personal accounts on the E-auksion electronic trading platform.

The guarantee payment will be returned to participants after the privatization process is completed. For the winning bidder, the payment will be transferred to the Privatization Fund and counted toward the purchase price of the enterprises.

Participants will receive information on their personal accounts and E-auksion bank account details from the adviser through individual procedural letters.