OREANDA-NEWS. April 02, 2008. State commission for conducting tenders on the sale of the state assets to the foreign investors based on the Resolution of the President of the Republic of Uzbekistan №PP-672 dated July 20, 2007 announced the open tender for Privatization sale of the 76% share package of JSC “Foton”, reported the press-centre of State commission for conducting tenders.

216 207 (two hundred sixteen thousand two hundred seven) ordinary registered shares of Joint Stock Company "FOTON" constituting the aggregate of 76% of the Company's total issued shares are being offered for sale. Starting bidding price for the said package of shares is not less than 14 825 000 (fourteen million eight hundred twenty five thousand) US dollars.

Investment obligations that investor has to undertake constitute the sum of 13 500 000 (Thirteen million five hundred thousand) US dollars. Also obligatory conditions of the tender are the preservation of current type of activity of the enterprise, including the organization and development of manufacture of solar batteries, as well as organization of manufacture of electrotechnical production under the world brands for the needs of population and industries.

At that, the preference will be given to the tender participant ready to offer the highest bid for the 76% of shares of the Company and undertake the highest amount of investment obligations.

Joint-stock Company "FOTON" is situated in the centre of Tashkent city and its main type of activity is the manufacturing of consumer goods: electronic devices and compound household appliances.

Investors interested in participating in the Tender must first submit a properly completed Application for participation and Confidentiality Statement. In that case the Tender Documentation package including Information Memorandum, Tender Rules, Bid Form can be obtained upon presenting to Case-by-Case Privatization Bureau the filled in and signed Application and Confidentiality Statement along with the copy of the document confirming the payment effected.

The price of the package of bidding documents constitutes 2 000 (two thousand) US dollars, which are to be transferred to the account stated below.
 
Foreign currency account number: №20 203 840 500 600 289 001 or
Current account number: № 20 203 000 600 600 289 001
in the Joint-stock Innovational-commercial Bank "Ipak-Yoli",
TIN: 201122696, bank code 00444, 12-A,
Farhadskaya str., 100135, Tashkent.   S.W.I.F.T. code: INIPUZ22
 
The Bid submission deadline expires at 12:00 a.m. Tashkent time on May 28, 2008.

Opening of the packages with Tender Bids will be held in the Meeting Hall of the State Property Committee of the Republic of Uzbekistan (5th floor) at 16:00 p.m. Tashkent time on May 28, 2008.

Tender participants or their authorized representatives, which have submitted Tender Bids in accordance with established procedure, have the right to participate at the opening of the packages with Tender Bids.

For all issues related to the tender, please contact:
CCPB, Case-by-Case Privatization Bureau
State Property Committee Bldg., 17th Floor
Uzbekistan Ave., 55, 100003 Tashkent, Uzbekistan

Attention:      Mr. Akhmedjanov Khalil Khakimjanovich
Telephone:      +998 (71) 139 22 51
Fax:               +998 (71) 139 22 79
E-mail:            ccpbuz@tps.uz