A meeting was held with the participation of representatives of the Agency for Management of State Assets
Tashkent, Uzbekistan (UzDaily.com) -- On 4 July 2019, the Agency for the Development of the Capital Market of the Republic of Uzbekistan organized a meeting for investment intermediaries and consultants with the participation of representatives of the Agency for the Management of State Assets of the Republic of Uzbekistan.
The main purpose of the meeting was to familiarize and explain the measures taken for the sale of state-owned blocks of shares in the authorized capitals of organizations included in the Decree of the President of the Republic of Uzbekistan dated April 29, 2019. No. PP-4300, as well as the order and mechanism of participation of investment intermediaries and consultants in these events.
The Deputy Director of the Capital Market Development Agency, Diyor Mukhamedov, spoke at the meeting, who familiarized the participants with the main issues reflected in the Presidential Decree. In particular, it was noted that the document provides for the sale of state-owned blocks of shares in 64 organizations in the fields of construction, oil and fat, chemical, electricity, oil and gas industry, the production of alcohol and food products, banking and insurance and other organizations.
Then, the Deputy Head of the State Assets Management Agency A. Kakhorov spoke at the meeting, who spoke about the ongoing work on the implementation of the state share in joint-stock companies, including the issue through IPO and SPO, and also stressed that Based on the results of the evaluation of these packages, currently being carried out in accordance with generally accepted international standards of evaluation.
In addition, the meeting participants were informed that the selection of investment intermediaries and consultants from issuers will be carried out in accordance with the requirements of the Law of the Republic of Uzbekistan "On public procurement", since the main part of issuers are organizations with a state share in the authorized capital of more than 50%.
At the same time, it was noted that, if necessary, the Agency for Management of State Assets may submit proposals for the consideration of the State Commission for tenders for the sale of state property on the conditions and criteria for attracting the services of investment intermediaries and consultants in the implementation of the state share, as well as emissions through IPO and SPO.