Tashkent, Uzbekistan (UzDaily.com) -- State UzAuto Motors has announced a tender to organize an initial public offering of shares. For this, it is planned to issue additional shares in the amount of up to 10% of the authorized capital of the company.

As indicated in the announcement, the bidders may be investment intermediaries or commercial banks of Uzbekistan that meet the following requirements:

-the presence of an appropriate license;

- the participant must not be in the process of liquidation and / or bankruptcy, be insolvent;

- the participant must have all the types of resources, competence, experience, qualifications necessary for the implementation of the contract;

- the participant must give guarantees or offers together with other investment intermediaries on participation in the organization of the subscription campaign and on the volume of the redemption of the unrealized part of the shares.

Foreign consultants can participate in a consortium with licensed investment intermediaries and / or investment intermediaries can attract foreign consultants.

The last day to submit an application for participation in the competition is 30 September 2020 until 17:00