Tashkent, Uzbekistan (UzDaily.com) – The Agency for Management of State Assets of Uzbekistan has announced a competition to attract a professional consulting company to organize the privatization through public auctions of a 95.2% state stake in the charter capital of Uzbekinvest. This was reported by the agency’s press service.

The consultant, possessing international experience, will be responsible for organizing the sales process (M&A) in international markets, taking into account the specifics of the asset. They will also conduct international marketing campaigns through leading global business publications, engaging representatives from international institutional business circles.

Applications from interested companies will be accepted until 18:00 (Tashkent time) on August 16, 2024.

Uzbekinvest provides insurance services to legal entities and individuals across all 17 classes of general insurance. The company’s charter fund amounts to 282.2 billion soums.

In December 2022, Moody’s Investors Service Ltd. assigned the company a financial sustainability rating of "Ba3" with a "Stable" outlook, which is the highest rating among structures in Uzbekistan’s banking and financial sector.

The company operates 14 branches throughout Uzbekistan, over 200 district offices including 26 urban offices, and employs more than 800 insurance agents in Tashkent, regions, and the Republic of Karakalpakstan.