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18 November 2020

Rothschild was attracted as a consultant to develop a strategy for the privatization of Uzbekneftegaz JSC

According to the relevant privatization programs, Rothschild was attracted as a professional consultant to develop the privatization strategy of Uzbekneftegaz JSC and a trilateral agreement was signed between the State Assets Management Agency, Rothschild and Uzbekneftegaz JSC.

Under this agreement, the consultant will conduct an analysis of the oil and gas industry, including the economic, financial and tax activities of Uzbekneftegaz JSC, and based on its results will develop a privatization strategy for the company.

For reference:

In 2021, by attracting Rothschild as a consultant, 57.118% state shares in the authorized capital of Coca-Cola Ichimligi Uzbekiston, Ltd were successfully privatized by the group of companies "Coca-Cola İçecek A.Ş." (CCI) for 252.28 million USD.

Uzbekneftegaz JSC is a joint-stock company operating in oil and gas exploration, production, transportation, storage, processing and sales. The one of largest state companies in Uzbekistan.

Rothschild & Co - a financial and holding company, which is controlled by the French and English branches of the Rothschild family. Rothschild & Co is the flagship of the Rothschild banking group, this company controls the Rothschild Group, including "N. M. Rothschild & Sons" and "Rothschild & Cie Banque". The company's turnover in 2015 exceeded 1.4 billion euros, with a net profit of more than 160 million euros.

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