Uzbekistan’s Agency for State Asset Management has commented for the first time on reports of an alleged partial privatization of national postal operator UzPost. On September 17, the agency’s Deputy Director Alisher Miraliyev told Spot about the issue on the sidelines of the VIII Cbonds International Conference “Capital Market of the Republic of Uzbekistan”.
Miraliyev explained that, under the law, the Agency for State Asset Management is the authorized body responsible for exercising the state’s shareholder functions. Therefore, in September 2025, the state-owned stake was removed from the portfolio of the Uzbekistan National Investment Fund (UzNIF) and transferred to the agency for management.
According to him, if there had been a change of shareholder, it would have been reflected in the Unified State Register of Enterprises and Organizations (USRPEO), while the issuer would have been required to disclose the relevant changes in ownership. He therefore described reports of a change in ownership of UzPost as unfounded rumors.
“If there had been a change of shareholder, securities market legislation requires the issuer itself to disclose changes in ownership. So these were only rumors, and there were no grounds for them”, Miraliyev said.
At the same time, no negotiations on the sale of UzPost are currently underway. According to the agency’s deputy director, the postal operator continues to operate and develop, with its own strategy and objectives.
Miraliyev also noted that the retention or privatization of state assets is reviewed annually when preparing the privatization program. The Agency for State Asset Management, together with the competition authority, assesses the development of the private sector in the relevant markets and takes international experience into account.
At present, however, there is no decision to privatize UzPost.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
