Tashkent, Uzbekistan (UzDaily.com) — The Agency for State Asset Management (AUGA) has completed the first stage of privatizing the "Yoshlik" sports complex, selecting three contenders for its purchase.

The process lasted four months and concluded on 6 February.

Portfolio Investments, the privatization consultant, reviewed investor applications and confirmed that all three bidders met the required criteria. Binding offers (BO) for the acquisition of Invest Group Centre, which manages the "Yoshlik" complex, are being accepted until 23:59 on February 28.

As part of the bidding process, buyers must provide a guarantee payment of at least 1% of the proposed amount via E-auksion.

Invest Group Centre oversees the facilities of the "Yoshlik" sports complex, which was previously owned by NBU. The company’s charter capital amounts to 4.11 billion soums.

The buyer is required to maintain the sports profile of the complex for at least 10 years. The construction of new buildings is prohibited, and any renovations or reconstructions must be approved by the Urban Planning Council.