Tashkent, Uzbekistan (UzDaily.com) -- The process of privatization of 51.0 percent of the state share in the authorized capital of YO'LREFTRANS JSC will continue at the Uzbekistan Stock Exchange. This was reported by the State Assets Management Agency.

According to the privatization program, the sale of 51 percent of the state share in the authorized capital of YO'LREFTRANS JSC is provided.

Initially, the sales process was carried out with the participation of the consulting company Winvestment Consult. However, the bidders' offers turned out to be lower than the consultant's expected prices for the stake, and a decision was made to change the sales mechanism.

In accordance with this, privatization processes are carried out through an investment intermediary - the SPP Nego trading platform of the Tashkent Republican Stock Exchange.

Trading will begin on 17 June 2024 on a special platform of the Russian Stock Exchange “Tashkent”, the NEGO platform.

The exchange transaction will be carried out with the applicant who offered the highest bid, in accordance with the rules of the exchange.

JSC "YO'LREFTRANS" provides local and international intercity logistics services for the transportation of goods and rental of isothermal wagons.

The share of shares offered for sale in the issuer's authorized capital is 51.0 percent. The total number of shares for sale is 11,162,528 ordinary shares.

The nominal value of one share is 1,000 (one thousand) soums. The initial price of one share at the auction is 8,880.34 soums.

The initial cost of the asset is 99.12 billion soums.

The size of the issuer's authorized capital is 21.88 billion soums.