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State share of two Uzbek oil and fat companies put up for sale

Finance Materials 28 January 2021 18:05 (UTC +04:00)
State share of two Uzbek oil and fat companies put up for sale

BAKU, Azerbaijan, Jan. 28

By Klavdiya Romakayeva - Trend:

The state share in two oil and fat companies operating in Uzbekistan has been put up for sale, Trend reports with reference to the press service of Mulk-Sarmoya brokerage house.

According to the information, one of the companies is located in Fergana district, the other in Kokand district.

It is noted that the enterprise located in Kokand district sells 84.4 percent of state shares - 3.09 million of them are ordinary, another 1,504 are preferred. The cost of one security amounts to 20,000 soums ($1.91). The total value of all shares will account for 62 billion soums ($6 million).

The second enterprise in the Fergana district sells only 51 percent of the state share. The number of ordinary shares amounts to 46,000 soums ($4.38). The total value of the securities accounts for 32.7 billion soums ($3.1 million).

It was also noted that the share price has been reduced by 30 percent from the original price.

Applicants can submit their proposals through a special Tashkent RSE, NEGO-platform.

Exchange trades are held in accordance with the exchange rules with the participant who submitted the highest bid.

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Follow the author on Twitter: @romakayeva

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