According to the presidential decree, 100% of shares of UzAuto Motors and UzAuto Motors Powetrain will be traded on the stock exchange. It is also planned to sell the state shares in 6 more joint-stock companies.
100% of UzAuto Motors shares will be sold through an IPO on the Tashkent Republican Stock Exchange. This is stated in the presidential decree PQ-90 “On additional measures to introduce effective mechanisms to support the capital market” of January 17.
For information, an IPO (Initial Public Offering) is the initial public offering of a company’s shares. That is, the shares are offered to the general public.
According to the decree, shares of a number of other joint-stock companies, including UzAuto Motors Powetrain, Uzbekgeofizika, Uztemiryolkonteyner, Dori-Darmon, Uzbekistan Post, Universal Insurance and Alskom will be put up for sale.
In April 2021, a presidential decree approved a list of companies whose shares will be placed for public trading on the stock exchange in 2021-2023. According to it, other companies, such as Uzbekistan Airways, Uzmetkombinat, Uzbekneftegaz, Uzmilliybank and Uztransgaz, will be included in the list of companies whose shares will be placed for public trading on the stock exchange in 2021-2023.
It should be recalled that in September 2020, UzAuto Motors announced that it was preparing for an IPO of 10% additional shares.
