TASHKENT, Uzbekistan, October 7. The State Property Management Agency of Uzbekistan has announced the start of a public tender for the sale of the state's stake in the coal mining company Shargunkomir, Trend reports.
A 99.55 percent share in the enterprise is being offered for privatization. The process is being advised by Alkes Research, which previously acted as a consultant for the sale of the Boysunqumir asset.
Both domestic and international investors are invited to participate in the bidding process. At the initial stage, interested parties must submit an Expression of Interest (EOI), providing information about the company, its shareholders and beneficiaries, as well as audited financial statements for the last three years. Applications must be submitted no later than 23:59 Tashkent time on November 14.
All submitted EOIs will be evaluated based on a set of eligibility criteria, including sufficient financial capacity to complete the transaction and the absence of any sanctions from the United States, the European Union, or major international development banks. Applicants who successfully pass the pre-qualification stage will advance to the second round, where they will be required to submit a binding offer and a bid deposit of at least 1 percent of the proposed purchase price. They will also receive a draft of the key terms and conditions governing the acquisition and future operations of the enterprise.
Shargunkomir JSC is one of Uzbekistan’s leading coal mining companies, located in the Shargun district of the Surkhandarya region. The company produces around 900,000 tons of hard coal annually, operates its own railway branch line, and has a coal enrichment plant.
