It is planned to sell 1001 state-owned stakes in different companies this year

Shavkat Mirziyoyev approved a new program for the privatization of state assets for 2023, Spot reports.

The resolution notes that the UzSAMA and other government agencies, based on the results of the analysis, proposed to reduce over 30 thousand objects. This includes a number of state institutions, enterprises with state participation and their subsidiaries, as well as real estate.

The document is accompanied by a list of 1,001 state assets that are planned to be sold in their entirety through public auction. We are talking about subsidiaries and shares in firms of 39 large state-owned companies, 8 banks, 20 ministries, as well as other government agencies and local authorities.

Among other things, the following are determined for sale:

• 50 assets of Uzavtosanoat, including dealer centers (which began to be privatized back in 2018);
• shares of Uzbekistan Temir Yollari in UzXCMG, Uztemiryulconteiner, Kuprikkurilish trust;
• 14 oil depots of Uzbekneftegaz, UNG Petro gas stations and a share in a joint venture with Tatneft;
• 8 stakes in Uzkimyosanoat, including Ammofos Maxam and Maxam-Chirchiq;
• Uztelecom’s shares in Internet providers Buzton and East Telecom (minority), as well as in the fiber optic cable plant GOC-UZ;
• 25% in the Uzbek-American joint venture Uzcasemash;
• 20% in JV LG CNS Uzbekistan;
• foreign trade state company Uztrade;
• venture fund UzVC;
• state shares in the hotel “Uzbekistan” (80.1%), JSC “Photon” (85.6%), etc.

The Competition Development Committee was instructed to make an inventory of the exclusive rights granted to enterprises from the list. In the future, the department will make proposals for their abolition.

In addition, 1046 real estate objects owned by the state and companies with state shares will be put up for auction. Most of the property is supposed to be sold in Tashkent – 150 objects.

The document also identifies 40 state-owned enterprises whose shares will be put up for a “people’s IPO”. Spot published the list of them indicating the share that is planned to be sold in this way.