The State Assets Management Agency of the Republic of Uzbekistan (hereinafter referred to as the "UzSAMA") announces the sale of 100% state's share in UzAuto Trailer LLC (hereinafter referred to as the "Company" or "Asset") via a competitive asset sale process (hereinafter referred to as the "Transaction" or "Sale").

Mosaic Financial is the lead advisor to the State Assets Agency on this Transaction.

General information:

• Founded on June 4, 2012.
• 7 hectares of production areas with a total area of 14.75 hectares
• 470 Employees
• Project capacity of 3000 units: 2000 semi-trailers and 1000 truck chassis frames
• Products:
  • bodies: dump, isothermal, awning, and all-metal;
  • semi-trailers and trailers: dump, isothermal, awning;
  • container trailers and other specialized equipment;
  • agricultural machinery (tractor trailers, balers, mobile filling stations).
• Production facilities are located in Samarkand region.

Main financial indicators:

• Authorized capital: 158.6 billion soums
• Results for 2021:
  • revenue: 626.2 bln. soums;
  • net profit: 53 bln. soums.

Transaction process:

 The sale is organized in the form of a competitive application process and is open to all interested parties (hereinafter referred to as “Participants”). To participate in the application process, Participants are asked to express their interest in an Express of Interest that includes the following information:

1. Brief information about the Participant (including TIN, and type of activity).
2. Information about shareholders/participants owning more than 5% of the share in the authorized capital of the Participant (indicating the share of ownership), as well as ultimate beneficiaries.
3. Financial statements (preferably for the last 3 years).

Applications language could be Uzbek, Russian or English (at the discretion of the participants).

Applications must be received by Mosaic Financial at the below address no later than September 21, 2022, till 18:00 Tashkent time.

Email: iskandar.bakhromov@mosaic-financial.com

Evaluation criterias: 

Received proposals will be selected according to the following criteria: 

• sufficient financial resources to acquire the Asset;
• absence of any judicial, administrative, arbitration or other proceedings, the result of which may be a ban on participation in the privatization process;
• Compliance with Uzbekistan Law #660-II (as amended on January 15, 2019) "Countering the legalization of proceeds of crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction".
• Neither the Applicant (or, in the case of the Consortium, any of the Consortium Members) nor any of the Consortium Members must be on the public sanctions lists of the European Union and the United States or any of the major international development banks (World Bank, European Bank for Reconstruction and Development, Asian Development Bank), or on the date of the Application must be subject to any proceedings or investigation by the aforementioned sanctions authorities. Also, neither the Applicant (and, in the case of the Consortium, none of the Consortium Members) nor any of its/their affiliates is/are in any way involved in any activity (directly or through any subsidiary) contrary to the sanctions regime of the aforementioned institutions and states and, neither the Applicant (or in the case of the Consortium, any of the Consortium Members) nor any of its/their Related Parties have as principal financiers or lenders banks or financial institutions which are sub-sanctioned persons or persons controlled or owned by sub-sanctioned persons.

ADDITIONAL DETAILS:

The detailed sale process and its terms will be communicated as the interest of the Applicants arises. After the review of the submitted applications, Mosaic Financial will notify the Participants about the following steps. For further questions, you can contact Mosaic Financial, the consultant on Transaction.

Mosaic Financial LLC

Iskandar Bakhromov

Email: iskandar.bakhromov@mosaic-financial.com

DISCLAIMER

The State Assets Agency reserves the right to change the sequence of the privatization process or refuse to sell to any potential buyer(s) or negotiate with them at any time without explanation.

This announcement, or any part of its content, should not be taken as a form of obligation on the part of the State Assets Agency, Mosaic Financial in relation to the Asset sale, as one might assume in connection with the publication of this announcement.

The State Assets Agency reserves the right, in its sole discretion, at any time and in any respect, without assuming joint or individual responsibility:

• Change the deadline for submission of applications;
• Follow different procedures with respect to different stakeholders and/or negotiate with one or more potential buyers within the schedule and procedure established jointly by the State Assets Agency and Mosaic Financial, to the exclusion of any other potential buyer(s) without prior notice;
• Stop the sale process for any reason; and/or
• Stop all discussions and negotiations with any potential buyer(s) in relation to the Transaction at any time and without explanation.