1 April 2021

Appointment of consultants in the privatization process

According to the Presidential Decree of February 11, 2021 "On measures to further accelerate the privatization of state assets" № DP – 6167, shares of 18 state-owned companies will be sold.

UzAssets, an investment company under the State Asset Management Agency, organized 18 enterprises into 9 projects (including 10 wine and spirits companies as a single project based on a shared industry approach). On February 22, 2021, UzAssets published a Request for Proposals from consultants for privatization of these assets.

The strategy of selling the assets based on enterprise and market analysis, as well as on recommendations from privatization consultants, is an important signal for the transparent and professional implementation of the privatization process and generated significant interest from both foreign and local professional organizations.

During the selection process, 86 proposals were received from 17 consulting companies and investment banks from the UK, the Netherlands, the United States, Russia, China and Kazakhstan, as well as from local organizations.

In addition to considering the bidders’ financial offers, their experience, qualifications, competencies, and the approach to the sale of assets were evaluated.

According to the results of the competition, the winners are:

The State Assets Management Agency and UzAssets, together with the selected consultants, will take all necessary measures to ensure a transparent and successful sale of the assets.

We are also interested in further expanding the participation of professional organizations in the privatization process and will continue to work toward this goal.

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