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Finance 25/11/2015 Uzbekistan to sell its state stakes in two insurers
Uzbekistan to sell its state stakes in two insurers
Tashkent, Uzbekistan (UzDaily.com) -- The State Committee of the Republic of Uzbekistan for Privatization, Demonopolization and Development of Competition put for sales state stakes in two insurance companies to the Uzbekistan Stock Exchange.

According to the Center for coordination and development of securities market, Uzbekistan will sell 24.6% state stake at Uzagrosugurta with the starting price of US$7.35 million.

The first trades on realization of state shares at Uzagrosugurta will be held on 4 December, the statement said.

According to the Uzbekistan Stock Exchange, investors can purchase 2835712 state shares at Insurance Company Kafolat at the price of US$1.17 per share via the exchange. Earlier, it was reported that the Government will sell 15.5% state stake at Kafolat.

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