Kapitalbank was selected for the acquisition of a 100% state stake following three binding offers. Portfolio Investments advised the structured privatization process.
Kapitalbank was selected as the winning bidder for a 100% state stake in Invest Group Centre, offering UZS 297.9 billion. Three qualified bidders submitted binding offers after reviewing financial, tax, legal and environmental due-diligence materials.
Portfolio Investments advised the privatization and developed the indicative valuation range used to assess the proposals. The winning price was in the upper part of that range and exceeded the independent valuation.
The agreed conditions require the buyer to preserve the asset’s sports and wellness profile for at least ten years and restrict unrelated development. The privatization results were approved by the State Commission.
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