BAKU, Azerbaijan, Sept. 28
By Fakhri Vakilov – Trend:
Rothschild & Co will provide consulting support in the preparation of Uzbekneftegaz JSC for an IPO (initial public offering), Trend reports referring to the Ministry of Energy of Uzbekistan.
On September 27, 2021, Minister of Energy of Uzbekistan Alisher Sultanov and Baron Eric Alain Robert David de Rothschild, Vice-Chairman of the Supervisory Board of Rothschild & Co discussed this topic during a meeting.
The parties discussed the course of the current cooperation with the Rothschild & Co company, which has a worldwide reputation and extensive experience in modern business.
Rothschild praised Uzbekistan's policy in the field of financial transformation and preparation for the initial public offering (IPO) of Uzbekneftegaz JSC. In his words, this is a very serious and correct approach, since Uzbekneftegaz is preparing for privatization, gradually improving its financial performance and profitability.
In his words, Rothschild & Co stands for a comprehensive solution to these issues and is ready to closely cooperate with Uzbek partners.
In addition, Rothschild & Co takes part in the development of proposals for long-term financing of the Program for the modernization of the gas transmission system of Uzbekistan, as well as in the development of proposals for the transformation of Uztransgaz JSC into a clean operator of natural gas transportation.
In turn, Eric Rothschild noted that Rothschild & Co is ready to actively work on all projects, in particular, on advising Uzbekneftegaz JSC and Uztransgaz JSC on various key financial issues.
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