The State Assets Management Agency (hereinafter - UzSAMA) announces the beginning of the public sale of the following grain enterprises (hereinafter - state assets), which will be put up for public sales in 2023 within the framework of implementation of the Decree of the President of Uzbekistan No. PD-168 dated March 18, 2022.

Here:

Stage 1: bidders are pre-qualified for participation in the sale on the basis of the following terms: the completeness of the required documents, receipt of a deposit, eligibility of the draft business concept proposed as per the requirements for future usage of the assets;

Stage 2: the commercial proposals of the applicant (the purchase price and the period of payment), the receipt of a deposit (the amount of at least 5 percent of the price proposal), as well as the solvency are assessed.

At the first stage, applicants must complete the application form in Annex 1 (Annex 1a for Individuals) in Uzbek, Russian or English (preferred language of the applicant) by June 21, 2022 at 18:00 (Tashkent time), and send through “E-auksion” electronic trading platform as an encrypted scanned attachment with the following documents:

a) for legal entities:

• copies of the charter (as amended) and the certificate of state registration as a legal entity certified by the applicant;
• a complete list of the applicant, its founder and/or beneficiary as of the date of submission of documents (indicating the relevant shares and amount of the bidder in the authorized capital, if the payment is intended to involve the founder and/or beneficiary);
• draft business concept specifying the use of state assets based on the requirements for future use;
• a copy of the deposit receipt confirming that a minimum of 5% of the value offered for the state asset that the applicant plans to purchase has been transferred to a special account of SUE “Center for organizing electronic online auctions” given below.

b) for individuals:

• taxpayer identification number (for residents of the Republic of Uzbekistan), passport data;
• draft business concept specifying the use of state assets based on the requirements for future use;
• a copy of the deposit receipt confirming that a minimum of 5% of the value offered for the state asset that the applicant plans to purchase has been transferred to a special account of SUE “Center for organizing electronic online auctions” given below.

Within 3 working days from the date of the State Commission for Privatisation of State Assets and Coordination of Privatisation Processes decision on the results of the first stage, UzSAMA will announce on its official website and social networks and official notifications will be sent to all bidders.

Applicants passed to the second stage of the sale process, must apply to the second stage in accordance with application form Annex 2 (Annex 2a for individuals) through “E-auksion” electronic trading platform within 5 business days after the date of publication of the official announcement by UzSAMA.

Proposals should be sent in a sealed envelope or in encrypted scanned form through “E-auksion” electronic trading platform with the following documents:   

• offer price of the applicant for the purchase of state assets;
• terms of payment for the purchase of state assets;
• a copy of the financial statements (Forms 1 and 2 of the accounting report) of the applicant for the last 3 years (along with confirmation of the tax authorities on the receipt of the report for residents and depreciation and revaluation of assets). If the applicant is unable to pay as per its financial statements, the applicant must send a copy of the financial statements (Forms 1 and 2 of the accounting report) of the founder or beneficiary for the last 3 years (confirmation of the tax authorities on the receipt of reports for residents and depreciation along with evaluation indicators). In such cases, a letter of confirmation from the founder or beneficiary on the payment of benefits in the interests of the applicant must be attached;
• other documents confirming the bidder’s capacity to pay (certificate of deposit, bank guarantee) must be sent in the event that the applicant is unable to pay as per his financial statements.

Special Conditions:

• Applicants may bid on one or more state assets. In this case proposals are given separately for each state asset;
• for at least five years, the core operations of the grain companies will be maintained and the existing grain storage capacity will not be reduced;
• the volumes of grain held in the state reserve are stored in exchange for payment of dues on the basis of contracts in accordance with the legislation;
• in cases where the amount of the initial contribution is less than 35 percent when selling with the condition of payment as a state asset, the remaining amount is an annual interest in the amount of the base rate of the Central Bank;
• if one application for the acquisition of a state asset (one lot each) is received at the first stage of the auction, the auction is considered to have failed;
• if the bidder offers to pay the repurchase value of the state asset for a period of more than one month (up to 36 months), his price offer is evaluated by bringing the price offer of the state asset to the current value;
• The UzSAMA, within twenty days from the date of sending the notification (except for force majeure cases), enters into a purchase and sale agreement in the specified manner with the winner of the auction and the deposit made to participate in the auction will be included in the amount of redemption payments for the acquired state asset;
• discounts are not applied for redemption payments made by the winner of the auction;
• if the winner of the auction refuses to conclude a purchase and sale agreement, the amount of the deposit made by him will not be refunded;

The State Commission for Privatisation of State Assets and Coordination of Privatisation Processes or the Working Body, without assuming any obligations, may, at its discretion, suspend the bidding at any time, as well as request additional information and/or clarifications from the participants during the bidding process.

Special settlement account of the State Unitary Enterprise "Center for the organization of electronic online auctions" is used for the payment of the deposit:

In national currency: in Uzbek soums

Recipient: State Unitary Enterprise "Center for Organizing Electronic Online Auctions";

Recipient's account number: 20210000000792302012;

Recipient's bank: JSC "Alokabank”;

TIN: 305004780;

Recipient's bank code: 00401;

In the "Purpose of payment" section of the payer's payment order: the name of the state asset with the inscription "deposit" is indicated.

Foreign currency: US dollars

Recipient: SUE State Unitary Enterprise "Center for Organizing Electronic Online Auctions";

Recipient's current account: 20210840800792302005 (US dollars);

SWIFT: JSCLUZ22;

In the "Purpose of payment" section of the payer's payment order: the name of the state asset with the inscription "deposit" is indicated.

Working Body – information about the State Assets Management Agency:

Address of UzSAMA: 100000, Tashkent city, Amir Temur Street, house No. 6.

Phone numbers for additional information: (+99871) 259-21-78, 259-21-46.

Website: www.davaktiv.uz.