BAKU, Azerbaijan, Jan. 6
By Klavdiya Romakayeva - Trend:
Some 51 percent of the state share of O'ztashqineftgaz JSC will be sold through the Nego Board negotiated auction, Trend reports referring to Toshkent Republican Stock Exchange.
According to the stock exchange, the package consists of 102,000 ordinary registered uncertified shares at 13,943.98 soums per share ($1.34).
Earlier it was reported that 100 percent of Neftegazmineral Ltd. and Neftgazdeposit Ltd., 50 percent in Uz Mal Oil, and 25 percent in AK Nefttaminot were put in for sale. All of them are from among 72 companies, whose shares will be gradually sold to the private sector.
The sale of state shares is envisaged by the privatization program, which provides for the liquidation of 711 inefficient enterprises, the reorganization of 262 enterprises and the transfer of more than 500 markets to the private sector.
O`ztashqineftgaz JSC was established in 1998 and is a part of Uzbekneftegaz JSC.
The shares of O`ztashqineftgaz JSC were distributed in the following order:
- state share - 51 percent
- share of foreign investors - 37.27 percent
- free sale share - 11.73 percent
The main task of O`ztashqineftgaz JSC is to meet the needs of enterprises of Uzbekneftegaz JSC in material and technical resources, equipment, raw materials, work and services, by organizing and ensuring their import.
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