According to the announcement of the State Assets Management Agency dated October 4 this year, on the stage of acceptance of Binding Offers (BO) of the international sales process of new multi-storey business centers (hereinafter - “Business Centers”) owned by JSC “Asakabank”, JSCB “Uzsanoatkurilishbank” and JSC “Alokabank” and located on the territory of the international business center “Tashkent City”, the following is reported:
In accordance with the applicants' requests for providing additional time for technical complex analysis of Business Centers in the preparation of a binding commercial offer, as well as based on the recommendation of the privatization consultant KPMG, and in order to conduct the sale process in a competitive environment, the State Assets Management Agency informs all interested parties that the deadline for receipt of Binding Offers (BO) has been extended until 23:59 (Tashkent time) on March 15, 2025.
At the same time, in order to ensure a competitive environment, the Consultant will in parallel continue to work on attracting more potential investors to the sales process and receive Expression of Interest applications.
All other information of the previously published announcement on the stage of receipt of Binding Offers (BO) remains unchanged.
For more information on this project, please contact the following communication channels:
- Saltanat Sandikbayeva, KPMG Partner: SSandykbayeva@kpmg.com, tel:. +99890-099-21-20;
- Shokhrukh Ohunov, Head of Department, State Assets Management Agency: sh.ohunov@davaktiv.uz, tel: +99871-259-20-23.
DISCLAIMER
The State Assets Management Agency reserves the right to change the sequence of the privatization process or refuse to sell to any potential buyer(s) or negotiate with them at any time without explanation.
This announcement, or any part of its content, should not be taken as a form of obligation on the part of the State Assets Management Agency, KPMG in relation to the Asset sale, as one might assume in connection with the publication of this announcement. The State Assets Management Agency and KPMG reserves the right, in its sole discretion, at any time and in any respect, without assuming joint or individual responsibility:
(i) Change the deadline for submission of applications;
(ii) Follow different procedures with respect to different stakeholders and/or negotiate with one or more potential buyers within the schedule and procedure established jointly by the State Assets Management Agency and KPMG , to the exclusion of any other potential buyer(s) without prior notice;
(iii) Stop the sale process for any reason;
(iv) Stop all discussions and negotiations with any potential buyer(s) in relation to the Transaction at any time and without explanation.
