Tashkent, Uzbekistan (UzDaily.com) — The State Assets Management Agency of the Republic of Uzbekistan has extended the deadline for the auction process regarding the sale of the state’s share in the authorized capital of Xiva Plaza LLC (Farovon Khiva Hotel) and Uz Chasys LLC.

The Agency has engaged two consultants for these assets: RSM Uzbekistan, which will handle the hotel in Khiva, and Portfolio Investments, which will advise on Uz Chasys.

According to previously provided information, two candidates were approved for the submission of Binding Offers (BO) for Xiva Plaza and Uz Chasys, while five candidates reached this stage for Xiva Lokomotiv. However, despite the successful submission of applications, the proposed prices for the assets were lower than the estimated market value.

Following an analysis conducted by the consultants, it was recommended to return to the stage of Expressions of Interest (EoI) for Xiva Plaza and Uz Chasys.

As a result, the State Assets Management Agency has extended the deadline for submitting Expressions of Interest in acquiring these assets until 23:59 (Tashkent time) on May 26, 2025.