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Tashkent, Uzbekistan (UzDaily.com) — Four investors have expressed interest in acquiring a 50-percent state stake in the charter capital of UzSungwoo, the press service of the Agency for Management of State Assets reported. According to the agency, by the end of October, the project’s financial advisor, Portfolio Investments, received expressions of interest from four potential buyers. All submitted proposals were evaluated according to established criteria, including the financial capacity of the participants, absence of legal restrictions, compliance with anti-money laundering and counter-terrorism financing legislation, and exclusion from the sanctions lists of the European Union, the United States, and international institutions. Following the analysis, the advisor recognized all candidates as meeting the requirements and invited them to participate in the next stage of the privatization process. Agreements will be signed with the companies, defining the key terms of the transaction and the future development of the enterprise. Under the terms of the tender, investors admitted to participate must submit binding offers to purchase the stake by 11:59 p.m. Tashkent time on 3 December 2025. The winning investor will be required to maintain the company’s core business for at least ten years, uphold existing technical support license agreements with the approved supplier, and comply with the terms and restrictions of the alliance agreement governing the use of General Motors technologies. Additionally, the investor must preserve current jobs and staff levels for at least two years, refrain from reducing the wage fund, and maintain the conditions of the collective agreement. UzSungwoo is a joint venture specializing in the production of stamped and welded components for Chevrolet Cobalt vehicles manufactured at the UzAuto Motors plant. According to the Unified State Register of Enterprises and Organizations (EGRPO), the company’s founders are the Agency for Management of State Assets (50%), the South Korean company Sungwoo Hitech Co., Ltd. (40%), and I-zone Co., Ltd. (10%). The charter capital of the enterprise, located in Fergana, amounts to US$14 million.
