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02 January 2020

Information about sales process of the state share in grain enterprises

Additional negotiations on the sale of state shares in grain enterprises put up for public sales have been completed, taking into account the results of which the State Commission for Privatisation of State Assets and Coordination of Privatisation Processes adopted the following decision:

On putting up 72.3 percent of block of shares of JSC "Samarkanddonmahsulotlari" and 92.2 percent of block of shares of JSC "Khorazmahsulotlari" for public sales repeatedly;

The winner of the sale of 92.8 percent of Popdonmahsulotlari JSC shares was ART SOFT HOLDING Ltd, which submitted the best commercial offer with the condition of payment of 58.0 billion soums of the redemption value.

Applicants, who participated in the sales on these assets, will be sent individual notifications.

In turn, the successful applicant undertakes to maintain the main activity of the asset for at least five years, not to reduce the existing grain storage capacity, as well as to maintain the volume of grain stored for the state reserve for the payment of remuneration on the basis of contracts.

For reference: Art Soft Holding LLC, being a large cotton-textile cluster, has clusters in Pap, Mingbulak and Chust districts. More than 30 enterprises of the company provide jobs for 10 275 employees. In 2022, products worth USD 56.7 million were exported.

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