In accordance with the relevant privatization programs, the State Assets Management Agency of the Republic of Uzbekistan (hereinafter - UzSAMA) announces the continuation of the sales process of 35 percent of the state share in JSC “Uztemiryuylcontainer” (hereinafter - the Asset / Company) through the method of privatization of public offer to negotiations.

Alkes Research (hereinafter - "Сonsultant") is the privatization consultant to UzSAMA on this Transaction.

Brief information about the Company:

"Uztemiryulkonteyner" JSC, being the operator of the container park of "Uzbekistan Temir Yollari" JSC, provides a full range of services related to the organisation of container transportations on the territory of the Republic of Uzbekistan.

The authorised capital is 3.4 billion UZS;

The legal address of the enterprise is: Tashkent city, Mirabad district, Shevchenko Street, 7.

Information on the sales process:

The sales process for the Asset is based on a public invitation to negotiate method, which is open to all interested parties (hereinafter - Participants).

The process of selection of buyers will be carried out in two stages including Express of interest and Binding offer (BO), at the final stage buyers are required to make a guarantee payment that is not less than 1 percent of the amount of the proposed binding price offer.

Transaction process:

The sale is organized on the basis of competitive sale process and open to all interested parties (hereinafter - "Applicants").

Currently, Applicants are invited to express their interest in the form of an Express of Interest application, which includes the following information:

1. Brief information about the Applicants (including TPIN, 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).

The Expression of Interest can be prepared in Uzbek, Russian or English languages until 18:00 (Tashkent time) on June 31, 2024 and sent to the e-mail address info@alkesresearch.com .

As part of this sales phase, the advisor distributes investment teasers to attract potential investors.

The received applications will be selected in accordance with the following criterias:

• 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 nor any of the Consortium Members (in the case of the Consortium) 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.

Applicants who have successfully passed the Express of interest stage will be invited to participate in the next stages of the privatization process, and Process Letter with detailed information on this stage will be addressed to them individually by the consultant.

The contact persons for this project are:

Behruz Ochilov, Director of Alkes Research: info@alkesresearch.com, tel. +998(33)957-22-22;

Talat Samandarov, Head of Department, UzSAMA: t.samandarov@davaktiv.uz, tel. +998(71)259-20-67.

In order to confirm their future participation in the privatization process, applicants are to sign a Non-Disclosure Agreement (NDA) and then will be given access to a Virtual Data Room (VDR), where stored due-diligence of the Company prepared by Сonsultant, access to the Compant (site visiting) to give questions to the anagement of the company. 

UzSAMA provides the public with additional information about each stage of the privatization process.

DISCLAIMER

UzSAMA 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 UzSAMA, "Alkes Research" in relation to the Asset sale, as one might assume in connection with the publication of this announcement. UzSAMA and "Alkes Research" 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 Agency and "Alkes Research", 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.