Tashkent, Uzbekistan (UzDaily.com) —  Several investors have expressed interest in acquiring state shares in the companies Avtokomponent and "Avto Climate Control," according to the Agency for State Asset Management.

In August, a 98.8% stake in Avtokomponent and 100% of Avto Climate Control were put up for sale.

The advisory firm Portfolio Investments is managing the transaction.

As of October 30, two local investors have shown interest in acquiring a stake in "Avtokomponent," while three investors — both local and foreign — are competing for "Avto Climate Control."

All interested parties have advanced to the next stage of the privatization process.

Investors must submit binding offers by 6:00 PM Tashkent time on November 20 and make a security deposit of at least 1% of their proposed amount through a personal account on the E-auction platform.

Founded in 2010, LLC Avtokomponent specializes in the production of automotive profiles, mufflers, exhaust systems, and round tubes, with a charter capital of 969.5 million soums.

"Avto Climate Control," also established in 2010, produces heating and cooling systems for vehicles and has a charter capital of 12.59 billion soums.

The future buyer must maintain the current business activities of these enterprises for 10 years and retain the current level of employment without any layoffs for two years following the deal's completion.