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Uzbekistan to sale state share in capital of Ferganaazot JSC

Uzbekistan Materials 13 December 2021 18:04 (UTC +04:00)

BAKU, Azerbaijan, Dec.13

By Natavan Rzayeva - Trend:

The State Assets Management Agency of Uzbekistan has put up for sale a 99.02 percent state share in the capital of Uzbek Ferganaazot JSC, Trend reports referring to the agency.

Deloitte TTL an international consulting company will act as the lead consultant of the agency on this transaction.

Ferganaazot JSC was established in 1962 and specializes in the production of mineral nitrogen fertilizers, defoliants, and cellulose acetates in Uzbekistan. The total production capacity of the company is 2.8 million tons of fertilizers per year.

The financial results of the company show positive dynamics. At the end of 2020, the company's net profit amounted to 292.6 billion soums.

The sale is organized as a competitive bidding process open to all interested parties.

The deadline for submission of purchase bids is February 15, 2022.

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