American-Uzbekistan Chamber of Commerce

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Note: This information was kindly provided by Uzinfoinvest

State-owned share of Joint-Stock Commercial Aloqabank in the amount of 47.5% stake is being offered for sale to strategic foreign investors according to the Decree by the President of the Republic of Uzbekistan dated April 28, 2015 No.2340 "On Measures Aimed at Increasing the Share and Significance of the Private Property in the Economy".
International company Grant Thornton Valuation evaluated the market value of the state share in the authorized capital of JSC Aloqabank. For today, the starting price of shares in stock exchange is 38.4 million USD (or 8.33 cent per stock).
Based on the financial condition and strategic financial plans of your company Uzbekistan's government offers to all investors to review the opportunity to buy the state share in the authorized capital of JSC Aloqabank in whole or in part. The state share in part sold at least 15 percent, which amounts to 12.12 million US dollars.
It is worth noting that according to the Decree by the President of the Republic of Uzbekistan dated December 21, 2015 No.2454 "On Additional Measures to Attract Foreign Investors in Joint Stock Companies" there are lots of new tax benefits and preferences for foreign investors in the Republic of Uzbekistan. For instance, foreign investors are exempted from tax on dividend income until January 1, 2020. Moreover, joint-stock companies with foreign investment in amount of more than 15% in authorized capital are free of tax on income, tax on property, tax on improvement and development of social infrastructure, single tax payment and other assessments to budget.
A brief presentation on the activities of the Bank can be found on the web site of the Information Support & Foreign Investments Promotion Agency "Uzinfoinvest" (www.uzinfoinvest.uz/investment_projects/objects_for_sale/25_aloqabank_isc/).
If investors need additional information or procedures for the acquisition of state shares of the bank, they can directly contact with Umid Khojikhonov, senior officer, by e-mail uzinfoinvest@mfer.uz and by phone: +998712385288.

Invitation to Attend

2016 U.S.-UZBEKISTAN 
ANNUAL BUSINESS FORUM
 
8.00 am - 4.00 pm

Wednesday, November 30, 2016
Tashkent, Uzbekistan

Keynote address by:
 
Deputy Assistant Secretary 
Michael A. Lally 
U.S. Department of Commerce


U.S. Ambassador to the Republic of Uzbekistan 
Pamela Spratlen
U.S. Embassy Tashkent

(agenda to follow)

Click here to register

PLATINUM SPONSOR
GE

Please join us at the 2016 U.S.-Uzbekistan Annual Business Forum in Tashkent, which is a signature event by the AUCC member-companies.  

The AUCC delegation to Uzbekistan will be led by the chamber's Chairperson Carolyn B. Lamm and President Steven T. Nadherny.  We are pleased to announce that Deputy Assistant Secretary of Commerce Michael A. Lally will travel to Uzbekistan with AUCC member-companies to give stronger boost to our efforts and further promote bilateral trade dialogue.  Minister of Foreign Economic Relations, Investments and Trade, Elyor Ganiev, is expected to represent the Government of Uzbekistan. 

"We are delighted to take our signature event to Uzbekistan this year and have DAS Michael Lally's support and participation.  Without a doubt, AUCC is the best example of the Private-Public Partnership and the most effective conduit for the US bilateral trade with Uzbekistan. AUCC has successfully channeled our assessment and vision of the country's technological and industrial modernization through the forum and used it as a platform to declare our readiness and will to better serve the interests of the American and Uzbek peoples," said AUCC Chairperson Lamm. "The chamber sincerely hopes that our commercial aspirations will continue to be supported by the Governments of the US and Uzbekistan that have both outlined business and commerce as a pillar of their bilateral agenda.  We are grateful to DAS Michael Lally for his leadership and attention to this part of the world," added AUCC President Nadherny.   

AUCC is a private, non-governmental, 501 (c)(6) trade association that was established in 1993 in Washington, DC.  The chamber is the oldest business group in the US and the Republic of Uzbekistan that exclusively represents commercial interests of the US corporations before the governments of our two countries.  

REGISTRATION DEADLINE:

Register here to indicate your interest in the event. Registration deadline is Monday, September 26, 2016.
 
SPONSORSHIP: 

For sponsorship opportunities, please contact AUCC at info@aucconline.com. 

VISA, HOTEL AND TRANSPORTATION IN TASHKENT: 

AUCC will provide assistance with visa, hotel and transportation for AUCC members and guests. Please contact AUCC at info@aucconline.com for details.  

APPLICATION FEE: 

Free for AUCC members (will be verified) and US Government representatives.  

$1,000 per person for all other guests and participants - The fee is non-refundable. 

Click here to make a payment and register for the event. 

CONTACT INFORMATION:aucc logo
The American-Uzbekistan
Chamber of Commerce
 
1030 15th Street, N.W.,
Suite 555W
 
Washington, DC 20005
 
phone: 202.509.3744
 
info@aucconline.com

www.aucconline.com 


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