Tashkent, Uzbekistan (UzDaily.uz) — The State Assets Management Agency (AUGA) has denied reports of an alleged partial privatisation of the national postal operator UzPost. AUGA deputy director Alisher Miraliev said this in an interview with Spot on 17 September on the sidelines of the VIII Cbonds international conference "Capital Market of the Republic of Uzbekistan".
According to Miraliev, AUGA is, in accordance with the law, the authorised body performing the functions of shareholder on behalf of the state. In September 2025, the state stake in UzPost was removed from the portfolio of the National Investment Fund of Uzbekistan (UzNIF) and transferred to AUGA for management.
The agency's deputy director noted that a possible change of shareholder would have to be reflected in the Unified State Register of Enterprises and Organisations (EGRPO), and the issuer itself is obliged to disclose information about changes in its ownership structure. In this connection, Miraliev described reports of a change of owner at UzPost as rumours.
"If there had been a change of shareholder, there are requirements of securities market legislation: the issuer itself обязательно publishes changes in ownership. So these were only rumours, therefore there were no grounds," he said.
Miraliev also said that talks on selling UzPost are not currently being held. According to him, the company continues to operate and develop in line with its strategy and assigned tasks.
At the same time, the question of retaining or privatising state assets is considered annually when preparing the privatisation programme.
AUGA, together with the antimonopoly body, analyses opportunities for private sector development in the relevant markets and takes international experience into account. There is currently no decision on privatising UzPost.
Changes in UzPost's ownership structure drew attention after the company's list of affiliated persons was adjusted in June 2025. Aloqabank, the Ministry of Economy and Finance and legal entities in whose charter capital the Ministry of Economy and Finance held a stake of more than 20% were removed from it. In their place, AUGA, legal entities connected with it and UzNIF were added to the list.
In September, the 25% state stake in UzPost, which was initially planned to be transferred to UzNIF, passed to AUGA.
Reports later emerged of a possible privatisation of UzPost and the participation of Russian and Uzbek companies in a deal. In particular, the combined Wildberries & Russ company RVB and the Uzum digital ecosystem were named. Uzum said it was ready to invest in developing postal infrastructure and to increase the share of deliveries through UzPost in the total volume of Uzum Market orders.
Against the backdrop of these reports, UzPost said it planned to attract investors to modernise infrastructure, develop logistics, introduce digital solutions, expand its branch network, including in rural areas, and create modern capacity for processing and delivering mail and parcels.
In October, the Anti-Corruption Agency required AUGA to ensure openness and transparency in auctions of the 29.4% state stake in UzPost.
The agency also reminded of legislative requirements on publishing information about assets being privatised on the Open Data Portal.
