The State Assets Management Agency of the Republic of Uzbekistan (hereinafter - UzSAMA) announces that the new high-rise buildings on the territory of the international business centre ‘Tashkent City’ owned by JSC Asakabank, JSCB Uzsanoatkurilishbank and JSC Alokabank (hereinafter - Asset/Business Centres) will be sold through an open auction.
As part of this process, KPMG company (hereinafter - KPMG) has been engaged as a consultant to organise the sale process.
UzSAMA coordinates the actions of commercial banks (asset owners) and consultants to organise these sales processes.
This stage of the sales process consultant will study investor interest in acquiring these Business Centers. Market interest in acquiring these Assets will be studied by sending investment teasers prepared by KPMG to investors, including international investors, and having individual discussions with them.
The approach to the sale mechanism to be formed on the study of investors' interest in acquiring these Business Centers and their opinions on the form in which they would like to purchase as a whole building or divided into lots.
The investors interested in acquisition of the Assets may obtain more detailed information through the following channels:
Brief information about the Assets:
1) Sanoat Qurilish Bank JSCB high-rise building
Address: 3, Islam Karimov street, Shaykhontokhur district, Tashkent city
Balance holder: Sanoat Qurilish Bank JSCB;
Total area: 82,284 m2;
Total floors number: 33.
2) Asakabank JSC high-rise building
Address: 1, Yangi Toshkent street, Shaykhontokhur district, Tashkent city;
Balance holder: Asakabank JSC;
Total area: 66,202 m2;
Total floors number: 26.
3) Aloqabank JSCB high-rise building
Address: 2, Ukchi street, Shaykhontokhur district, Tashkent city
Balance holder: Aloqabank JSCB;
Total area: 81,439 m2;
Total floors number: 26.
Disclaimer
The agency and banks reserve the right to change the sequence of the sales process or refuse to sell to or negotiate with any potential buyer(s) at any time without giving a reason.
This announcement, or any part of its contents, should not be construed as a form of commitment on the part of the Agency, the banks or KPMG in relation to the sale of the Assets. The Agency, Banks and KPMG reserve the right to exercise their discretion at any time and in any respect, without accepting joint or individual liability:
(i) make changes to application deadlines;
(ii) follow different procedures in relation to different interested parties, and/or negotiate with one or more potential buyers within the framework of the schedule and procedure established jointly with the Agency, banks and KPMG to the exclusion of any other potential buyer(s) without prior notice;
(iii) terminate the sales process for any reason; and/or
(iv) terminate any discussions or negotiations with any potential buyer(s) in relation to the Transaction at any time without giving any reason.
