Preparations for the privatization of Uzbekistan GTL have begun, State Assets Management Agency Director Sokhibjon Murodov said at a press conference on October 8, Spot correspondent reports.
According to Murodov, a privatization concept has been developed for the plant. The current stage involves auditing its financial and business operations, addressing factors negatively affecting its performance and financial position, and assessing the potential impact of privatization on the economy, partners, suppliers and buyers of its products.
Preparations for an initial public offering (IPO) have also begun. According to the agency chief, major international organizations interested in participating in the offering have already contacted the agency to ask about its timeline.
“This is a good signal for us. If we proceed with an IPO, there will also be investors willing to acquire small stakes in GTL,” Murodov said.
The plant’s current financial indicators were not disclosed at the press conference. Murodov said the agency plans to publish this information separately through its official social media channels.
In April 2025, the president signed a decree on the privatization of major state-owned enterprises on international markets. The list includes the state’s 100% stake in Uzbekistan GTL, with a public tender scheduled for the second quarter of 2026.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
