SKYMAN
03-26-2001, 10:05 AM
TASHKENT. The Uzbek government has given its approval to a list of
businesses up for sale to foreign investors in 2001-2002.
A source with Uzbekistan's State Property Committee has told Interfax that
the shares of 38 major national enterprises are to be sold to foreign
businessmen in individual projects by tender.
Among the shares are those of companies already put up for sale-the Almaylk
iron and steel complex (46.5%), the Chkalov aviation plant in Tashkent
(25.6%), the Uzkabel cable plant (39%), and the Akhangarantsement cement
plant (25%).
Included on the list of businesses subject to privatization in individual
projects for the first time are five enterprises incorporated in the
industrial chemistry association Uzkhimprom, among them two food-based
alcohol producers in Kokand and Andijan.
The source said the privatization of Uzbekistan's national
telecommunications' operator Uzbektelekom will see completion this year. An
international consortium led by Germany's Commerzbank has been chosen as the
financial consultant for the sale of 51% of the Uzbektelekom stake to a
strategic investor.
Enterprises of the Uzbek oil and gas industry are up for sale in 2002 with
39% to 44% of the shares of the subsidiaries belonging to the national
holding company Uzbekneftegaz and 49% of the main holding company's stock to
be sold to foreign investors. The French bank BNP Paribas is coordinating
preparation for the sale of Uzbekistan's oil and gas sector.
The source said that 12 of the 38 enterprises on the list are to be
privatized in individual projects all in all this year.
The shares of 49 businesses are to be sold to foreign investors as part of
the privatization plan for the next two years. The stake of 535 enterprises
in which the state shares no more than 25% are to be put up for sale on
stock and over-the-counter markets.
In 1998, the International Bank for Reconstruction and Development lent
Uzbekistan $28 million for the institutional development of enterprises. The
loan enabled the State Property Committee to set up an individual
privatization bureau, assisting in search for strategic investors in big
businesses.
In the meantime, no stake of any businesses has been sold to foreign
investors under this program over the last two years.
Source: Interfax
businesses up for sale to foreign investors in 2001-2002.
A source with Uzbekistan's State Property Committee has told Interfax that
the shares of 38 major national enterprises are to be sold to foreign
businessmen in individual projects by tender.
Among the shares are those of companies already put up for sale-the Almaylk
iron and steel complex (46.5%), the Chkalov aviation plant in Tashkent
(25.6%), the Uzkabel cable plant (39%), and the Akhangarantsement cement
plant (25%).
Included on the list of businesses subject to privatization in individual
projects for the first time are five enterprises incorporated in the
industrial chemistry association Uzkhimprom, among them two food-based
alcohol producers in Kokand and Andijan.
The source said the privatization of Uzbekistan's national
telecommunications' operator Uzbektelekom will see completion this year. An
international consortium led by Germany's Commerzbank has been chosen as the
financial consultant for the sale of 51% of the Uzbektelekom stake to a
strategic investor.
Enterprises of the Uzbek oil and gas industry are up for sale in 2002 with
39% to 44% of the shares of the subsidiaries belonging to the national
holding company Uzbekneftegaz and 49% of the main holding company's stock to
be sold to foreign investors. The French bank BNP Paribas is coordinating
preparation for the sale of Uzbekistan's oil and gas sector.
The source said that 12 of the 38 enterprises on the list are to be
privatized in individual projects all in all this year.
The shares of 49 businesses are to be sold to foreign investors as part of
the privatization plan for the next two years. The stake of 535 enterprises
in which the state shares no more than 25% are to be put up for sale on
stock and over-the-counter markets.
In 1998, the International Bank for Reconstruction and Development lent
Uzbekistan $28 million for the institutional development of enterprises. The
loan enabled the State Property Committee to set up an individual
privatization bureau, assisting in search for strategic investors in big
businesses.
In the meantime, no stake of any businesses has been sold to foreign
investors under this program over the last two years.
Source: Interfax