Government announced new round of restructurings to privatize | Avesta Investment Group - Uzbekistan

Government announced new round of restructurings to privatize non-efficiently used property, non-core assets and social infrastructure from largest SOEs:
- 650 objects to be transferred to SAMA from companies, including such listed ones as UZTL, AGMK, TNBN, ASBU, QZSM, UZAS, IPTB, ABKZ as well as non listed Uzbekistan Post, Uzbekneftegaz, Uzbekistan Railways, NBU, Shurtan Gas Chemical Complex, Bukhara Oil Refinery and others;
- 50 buildings, companies and infrastructure objects to be transferred to SAMA and regional administrations for operational use without sale from AGMK, QZSM, MCBA, as well as Mubarek Gas Refinery, Fergana and Bukhara Oil Refineries, NBU, Uzbekistan Railways and other;
- 50 share blocks to be transferred to SAMA, Ministry of Finance (for banking and UZAS shares) and JSC UzDonMahsulot (for flour-milling plants), including:
a) QXML (1.1%), UNSU (14.48%), UZAS (0.57%), BGSK (1.77%), QAPI (1.08%), QATT (12.66%), Elsis Savdo (13.38%), Boshtransloyiha (10.47%), Ohangarondon (5.78) and others from TNBN;
b) 100% shares in seven agro, farming, poultry and other companies from UZMK;
c) SQBN (0.54%), KKBN (0.66%), ASBU (0.31%) and IPTB (1.44%) from Uzbekistan Railways;
d) 48.86% stake in JSC Shargunkumir from UZIR;
e) stakes in 7 companies from Uzbekneftegaz;

Unfortunately, all assets will be transferred in account for decrease of state share, but only at the balance value of these assets, which is usually very low.

https://lex.uz/ru/pdfs/5409450