RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of April 19, 2024 No. PP-163

About measures for transformation and acceleration of processes of privatization of large enterprises with the state participation

In ensuring economic growth in the country, increase in competitiveness of national economy and reducing participation of the state in it, and also increase in flow of direct foreign investments important factor is privatization.

In particular, by results of the public biddings organized for the last three years by professional consultants, to foreign investors 26 assets on 1, 3 billion US dollars are realized.

For the purpose of increase in efficiency of activities of large enterprises and commercial banks with the state participation (further - large enterprises with the state participation), implementations of modern management system, continuation of system work on their transformation, and also accelerations of attraction of foreign investments by privatization for upgrade, technical and technological retrofitting of production:

1. Approve:

The list of blocks of shares (shares) exposed on the public biddings in the international market with involvement of professional consultants according to appendix No. 1;

The list of large enterprises with the state participation, primary (IPO) and (or) secondary (SPO) the public offer of shares of which will be carried out in the international stock market, according to appendix No. 2;

Structure of the working groups responsible for coordination of works on preprivatization preparation of blocks of shares (shares) in the authorized capital of large enterprises with the state participation (further - working groups), according to appendix No. 3.

2. Determine the main objectives of working groups:

ensuring preparation of financial statements of large enterprises with the state participation on the basis of international standards;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info