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Uzbekistan puts up state assets of two large enterprises for sale

15 March 2016

The State Committee of the Republic of Uzbekistan for Privatization, Demonopolization and Development of Competition has put for sale state shares in the charter capitals of Navoiyazot JSC and Kyzylkumcement JSC, the committee said in a message.

The government of Uzbekistan wants to sell 49 percent stake in Navoiyazot JSC. The primary cost of the package of shares exceeds $200.901 million.

Navoiyazot JSC is a largest chemical enterprise, which was launched in 1964. It produces nitric fertilizers, nitronic fiber and other products.

The government of Uzbekistan also plans to sell 35.9 percent state shares in Kyzylkumcement JSC. The primary cost of the package of shares exceeds $160.328 million.

Kyzylkumcement JSC has been launched in 1977 and it is largest cement plant in Uzbekistan. Its capacities are over 3.1 million tons of cement a year with dry method.

Sales of the state-owned stock packages in Navoiyazot JSC and Kyzylkumcement JSC will be performed via the Block-Trading Section of Uzbekistan Stock Exchange.