01 October 2019

State shares in 63 companies will be sold

The Cabinet of Ministers of the Republic of Uzbekistan has signed a decree on the sale of government shares in 63 companies. The list includes such companies as Ipak Yuli Bank, Uzeltekhprom-Motorola-Telecom-Radio, Gazavtomatika etc.

The government of Uzbekistan tends to reduce its participation in the businesses. Earlier, at the beginning of this year, the state announced the withdraw from the alcoholic beverage and oil and fat industry enterprises.

In April, it became known that government shares in large chemical enterprises, several agricultural machinery factories and banks will be sold as well as in Pepsi Uzbekistan, the «Uzbekistan» Hotel and other major assets.