KPMG, Deloitte, Grant Thornton to advise Uzbekistan on privatisation of 18 firms

Global accounting and advisory firms KPMG, Deloitte and Grant Thornton have been hired to advise the Uzbekistan government on the planned privatisation of 18 companies, including an insurer, oil refinery, electricity transmission line builder, and 10 wine and spirits producers.

State investment company UzAssets said this week that 86 bids had come in from 17 firms in the United States, Britain, the Netherlands, Russia, China and Kazakhstan.

UzAssets’s website provides details of the privatisation plan. It does not name any of the 10 wine and spirits companies but names the others on the privatisation list.

Last week Uzbekistan’s State Assets Management Agency announced a real estate privatisation project involving the sale of five properties in capital city Tashkent and three mountain resorts with bids to be submitted by evening on April 30.

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