State shares in Ferganaazot up for sale

According to the State Assets Management Agency, 99.02% of shares are offered for sale.

The privatization will start with applications from stakeholders. After studying the purchase offers, negotiations will be organized with one or more of the bidders.

Ferganaazot is one of the country’s largest producers of mineral nitrogen fertilizers, defoliants and cellulose acetates. At the end of 2020, the company’s net profit amounted to 292.6 billion soums, this year it is expected to grow further.