State Commission for Conducting Tenders on the Sale of State Assets to Foreign Investors, based on the Presidential Resolution No.PP-672 dated 20 July 2007, has announced an open tender for privatization sale of the 44% share package of Gidromaxsusqurilish joint-stock company.

46,740 shares of common stock of Gidromaxsusqurilish constituting the aggregate of 69% of the company's total issued shares being offered for sale.

Starting bidding price for the said package of shares is not less than USD 2.1 million. At that, the preference will be given to the company ready to offer the highest bid for the 44% of shares of the company and to take upon the highest value of investment obligations based on the volume of enterprise's investment requirements. The enterprise's investment obligations are USD 2.18 million.

Gidromaxsusqurilish was founded in 1961. The main activities of the enterprise are construction of the objects for enterprises and organizations of all property forms as well as for individuals, timely and qualitative fulfillment orders on complex works on specific construction and installation works, including tunnel, drilling, hydro technical and other special construction works in the territory of the Republic of Uzbekistan and outside the country.

The preference will be given to the tender participant, which conforms to qualification requirements, presented to strategic investors ready to offer the highest bid for the above mentioned shares and take upon the highest value of investment obligations.

Uzreport.com