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13 October 2022

Additional information on the process of preparing for the privatisation of state shares in the "COMMON REPUBLICAN PROCESSING CENTER" LLC

As is known, on August 20 of the current year, information on the processes of preparing the privatization of state shares in the "COMMON REPUBLICAN PROCESSING CENTER" LLC was published.

Pursuant to this, in accordance with Article 20 of the Law "On Limited Liability Companies and Additional Liability Companies" other participants of the Company and the Company itself have been notified in written form by the State Assets Management Agency that they may use their pre-emptive right to buy 75% of the state share in the authorized capital of the Company.

 

As a result, by using the pre-emptive right, the other 4 shareholders of the Company expressed their intention to buy 75% of the state share in the authorized capital of the Company, each 18.75% in proportion to the amount of their shares in accordance with the requirements of the Law of the Republic of Uzbekistan "On valuation activities" and the National standard of property assessment, at the appraised value by the independent valuation organization "Real Excellent Valuation" LLC, attracted by the Agency for state asset management.

In this regard, with the other 4 shareholders of the Company were signed Sale and Purchase Agreements for the sale of 75% state share in the authorized capital of "COMMON REPUBLICAN PROCESSING CENTER" LLC at the appraised value, in proportion to the size of their shares, for a total amount of 210.1 billion UZS.

At the same time, the funds transferred to the Privatization Fund of the State Assets Management Agency in September of this year were allocated in accordance with the procedure prescribed by law.

 

 

Press service and PR
of the State Assets Management Agency

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