Portfolio Investments advised the competitive sale of a 98.8% state interest in Avtokomponent. Two binding offers were received, and BEST PIPE AND PARTS was selected at UZS 105 billion, above the independent valuation and within the upper part of the adviser’s indicative range.
According to Portfolio Investments’ company records, the firm acted as privatization adviser to the State Assets Management Agency on the sale of a 98.8% state interest in Avtokomponent LLC. The process concluded with the selection of the highest binding offer from the Uzbekistan–South Korea joint-stock venture formerly known as Uz-Dong Won Ko and currently operating as BEST PIPE AND PARTS.
Qualified bidders that signed non-disclosure agreements received access to financial, tax, legal and environmental due-diligence reports prepared by Portfolio Investments, together with an opportunity to engage with the company’s management. Two binding offers were submitted within the deadline, preserving a competitive basis for the final selection.
The winning purchase price was UZS 105 billion. According to the same company records, the offer was positioned in the upper part of the indicative valuation range calculated by Portfolio Investments and exceeded the company’s independent appraised value. The result was approved by the relevant State Commission.
The buyer also accepted operating and technology-related conditions, including maintaining Avtokomponent’s core activity for at least ten years and complying with applicable General Motors-related technical-support and equipment arrangements. The transaction demonstrates the role of structured diligence, management access, valuation discipline and binding competitive bids in privatizing an industrial asset.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.