Uzbekistan to sell state-owned shares in banks, chemical companies and Coca-Cola Bottlers Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev approved a list of state-owned shares (stakes) in the authorized capital of business entities offered for sale to investors, including foreign ones.

The list was approved by the President’s resolution “On measures to further improve the mechanisms for attracting foreign direct investment in the republic’s economy”.

According to the document, investors will be offered 25% of the state stake in Alokabank, Turonbank and Asia Alliance Bank.

Also 25% of the shares in the insurance company Kafolat put up for sale.

Uzbekistan will sell 35.9% of the state’s shares in the authorized capital of Kyzylkumcement and 74.98% of the state’s shares in the authorized capital of Kvarz.

Investors will also have the opportunity to purchase 57% of state shares in the authorized capital of Coca-Cola Bottlers Uzbekistan.

Uzbekistan will also put up for sale from 51% to 84.5% of state shares in six oil and fat enterprises. From 51% to 71.2% of state shares of alcoholic beverage factories will be sold as well.

Investors will be sold shares of Ferghana Azot (51%), as well as shares of Kungrad Soda Plant (51%) and Dekhkanabad Soda Plant (more than 51%).

Shares of Angren TPP (99%) and Novo-Angren TPP (99.59%) will be put up for sale.

The government will also sell state stakes in eight oil and gas companies.