BAKU, Azerbaijan, May 18
By Ilkin Seyfaddini - Trend:
The government of Uzbekistan is putting up for sale its 89.28 percent in Yoggar cottonseed oil refinery within the framework of the oil and fat industry modernization program, Trend reports citing State Asset Management Agency .
The plant is located in Beruni city in Karakalpakstan and produces refined cotton oil and fodder products, the message said.
The state block of shares will be put up for trading on June 17 at the Toshkent Republican Stock Exchange on the principle "one share - one lot". The package includes 2.9 million common shares with a nominal value of 1,260 soum (10 cents).
The total starting price of the state share is 36.9 billion soum ($3.6 million). The starting price of the share is 12,748 soum ($1.2). The size of authorized capital of the issuer is 4.1 billion soum ($404.140).
In total, state shares in 25 enterprises will be sold within the program of withdrawal of the state from oil and fat industry. In a number of enterprises the state shares have already been partially sold: in March last year Basic Capital bought 20.9 percent of shares in Uchqorgon Yog, increasing its share to 31.8 percent, and Demoret Finance in late December acquired 33.1 percent of Quqon yog-moy JSC, 34.9 percent Yangiyul yog-moy JSC, 30.03 percent of Kogon yog-ekstraksiya zavodi JSC, 26.32 percent of Urganch yog-moy JSC.
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