Tashkent, Uzbekistan (UzDaily.com) — COTTON LOGISTICS will acquire a 35% government stake in JSC Uztemiryulkonteyner.

The Agency for State Asset Management (AUGA) announced an agreement on the privatization of this stake.

The process began with six expressions of interest from investors from CIS countries, the Arab world, Southeast Asia, and Europe.

Five companies were invited to submit Binding Offers (BO) in the next stage.

Within the designated period, three contenders submitted their binding offers.

COTTON LOGISTICS was declared the winner of the tender, having offered the highest bid. The company committed to paying 200 billion soums for the acquisition.