State Assets agency announces about the disposal of a state-owned equity stake in the authorized capital of Poytaxt Bank JSC
24.05.2021
In accordance with the Republic of Uzbekistan Presidential Decree No.UP-5992 of 12 May 2020 "On the Strategy for Reforming the Banking System of the Republic of Uzbekistan in the Period 2020-2025," the State Assets Management Agency of the Republic of Uzbekistan (the “Agency”) hereby announces its intention to dispose of a state-owned block of shares equal to a 100% equity stake in the authorized capital of Poytaxt Bank JSC (the “Bank”) through an open tender process for the sale of this block of shares (the “Transaction”), on the basis of terms intended to maximize the value of the Transaction as well as to facilitate and enhance the further development and financial sustainability of the Bank.
For the purposes of the Transaction, internationally recognized consulting firm Deloitte has been selected as the Bank’s privatization consultant (the “Consultant”).
A source: davaktiv.uz