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04 November 2024

Information on the open sales processes of hotels located in Khiva and Invest Group Centre LLC

1. According to the announcement of the State Assets Management Agency dated September 30 this year, on the beginning of the open sales process of 100% shares in “Khiva Plaza” LLC and “Khiva Lokomotiv” LLCthe following is reported.

The State Assets Management Agency, based on the recommendation of the privatization consultant “RSM”, in order to attract more potential investors, to create an additional opportunity to prepare the necessary documents in accordance with the requirements of this stage of the sale, as well as to conduct the sale process in a competitive environment, announces the extension of the deadline for receipt of Expression of Interest applications in the purchase of shares in “Khiva Plaza” LLC and “Khiva Lokomotiv” LLC until 18:00 (Tashkent time) on November 29, 2024.

In case of interest it is necessary to send an application to the following e-mail address: info@rsm.uz.

All other information of the previously published announcement on the beginning of the Expression of Interest stage remains unchanged.

2. According to the announcement of the State Assets Management Agency dated October 2 this year, on the beginning of the open sales process of 100% state share in the authorized capital of “Invest Group Centre” LLCthe following is reported.

The State Assets Management Agency, based on the recommendation of the privatization consultant “Portfolio Investments”, in order to attract more potential investors, to create an additional opportunity to prepare the necessary documents in accordance with the requirements of this stage of the sale, as well as to conduct the sale process in a competitive environment, announces the extension of the deadline for receipt of Expression of Interest applications in the purchase of state share in the authorized capital of “Invest Group Centre” LLC until 18:00 (Tashkent time) on November 29, 2024.

In case of interest it is necessary to send an application to the following e-mail address: munir.yakubov@piamg.uz

All other information of the previously published announcement on the beginning of the Expression of Interest stage remains unchanged.

DISCLAIMER

The State Assets Management 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 Management Agency, Consultants in relation to the Asset sale, as one might assume in connection with the publication of this announcement. The State Assets Management Agency and Consultants reserves the right, in its sole discretion, at any time and in any respect, without assuming joint or individual responsibility:

(i) Change the deadline for submission of applications;

(ii) 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 Management Agency and Consultants, to the exclusion of any other potential buyer(s) without prior notice;

(iii) Stop the sale process for any reason;

(iv) Stop all discussions and negotiations with any potential buyer(s) in relation to the Transaction at any time and without explanation.

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