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Uzbeksphalt concrete mixtures producer sells state shares

Uzbekistan Materials 19 January 2021 17:42
Uzbeksphalt concrete mixtures producer sells state shares

BAKU, Azerbaijan, Jan. 19

By Klavdiya Romakayeva - Trend:

The state share of Open Road Investment in the amount of 100 percent was sold for 4.14 billion soums ($395,000) through an electronic auction, which ended on Monday, January 18, Trend reports referring to the State Asset Management Agencies (SAMA) in Uzbekistan.

According to the SAMA, Jamil Asadov became the winner of the auction.

Earlier it was reported that SAMA has put up for sale a 100 percent stake in Open Road Investment LLC with an authorized capital of 205 million soums ($19,552). The enterprise is engaged in the production of asphalt concrete mixtures and its net profit as of October 1, 2020, amounted to 241.76 million soums ($23,058). At the same time, the company expects the return of debts in the amount of 1.8 billion soums ($171,681).

Also, the current assets of the enterprise as of October 1, 2020, amounted to 2.7 billion soums ($257,522). At the same time, the accounts payable of the enterprise amounted to 2.1 billion soums ($200,295).

The starting price of the lot amounted to 3. 987 million soums ($380,275) and the total time for the auction reached 14 minutes.

The lot description says that the company owns 0.4 hectares of land and 149.88 square meters of useful area. Depreciation of fixed assets accounts for 34.86 percent.

It was noted that the new owner will be considered the founder of the company with a 100 percent stake and, accordingly, will accept the asset with these debts.

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Follow the author on Twitter: @romakayeva

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