Tender on sale of 51% shares in Farg’onaazot prolonged

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan prolonged a tender to sell 51% shares of Farg’onaazot joint-stock company, producer of chemical products.

The government is selling 2,057,631 shares of common stock of Farg’onaazot, which constitutes 51% share of the company. Starting bidding price of the package of shares is US$52 million. The investor also should undertake investment obligation for US$55 million.

JSC Farg’onaazot is situated in Ferghana city, Ferghana region. The factory was put into operation in 1961. The main type of activity is production liquid ammonia, carbamide, ammonium nitrate, defoliant, sodium chlorine and fluid carbonic acid.