Tashkent, Uzbekistan (UzDaily.com) -- Portfolio Investments has been appointed as the consultant by the Agency for State Asset Management (AUGA) in the privatization of three state-owned companies involved in the production of automotive components.

On 10 July, AUGA announced a tender to attract a consultant for the sale of state shares in Avto Climate Control (100%), Uz Chasys (70%), and Avtokomponent (98.8%).

Portfolio Investments was selected as the winning bidder, offering the most favorable terms.

As part of its duties, Portfolio Investments will conduct a market analysis of the automotive components industry and assess the development prospects of the sector in Uzbekistan and the region. The company will also carry out a comprehensive due diligence of the companies' assets.

The consultancy will prepare recommendations for an optimal marketing strategy, develop marketing materials (teaser, information memorandum, procedural letter), and ensure the dissemination of information to potential investors.

Avto Climate Control, founded in 2010, specializes in the production of heating and cooling systems for vehicles. The company's charter capital is 12.59 billion soums.

Avtokomponent, established in 2010, produces various automotive components and has a charter capital of 969.5 million soums.

Uz Chasys, founded in 2008, specializes in the production of automotive lighting systems. The company's charter capital is 12.96 billion soums.