In the execution of the decision of the President of the Republic of Uzbekistan # PP-2340 from 28.04.2015g. and paragraph 1.2. Protocol №2 (reg №02-02-11-13 from 25.05.2015) and Protocol №5 (reg №02-02 / 1-187 from 03.07.2015) meeting of the State commission for conducting tenders on the sale of state property to foreign investors approved by the first Deputy Prime Minister of the Republic of Uzbekistan R.S. Azimov, in the part of the assessment of the state share with the participation of international evaluation organizations, according to the evaluation of the agreement between JSC "Farg'onaazot" and international valuation company "Grand Thornton" assess 48.05 % of state-owned shares for the implementation of strategic foreign investors. According to the evaluation report № BS 0815-01 dated August 22, 2015, the market value of the state share (48.05%) of 390 548 216 500 UZS or 152 820 557 US dollars at the rate of Central Bank of Uzbekistan on the date of valuation. Currently, 48.05% of state shares put up for auction.
According to the network schedule to attract foreign investors to the joint-stock company
"Farg'onaazot" presentation materials are presented in the Fergana Regional Department of IBEC, CCI and State Committee competition of Uzbekistan in Russian and English.
In order to conduct work on a wide coverage of the investment proposal and presentation materials are available on the website www.azot.uz society and in the newspaper Press Holding (Singapore).
In the performance of UP-4720 "On measures for the introduction of modern methods of corporate governance in joint stock companies"
Developed and adopted a new organizational structure of the company, which is approved by the general meeting of shareholders on June 16, 2015. Based on the decision of the General Meeting of Shareholders passed the order on a society №1288 / 2 from 29.06.2015, according to that was introduced a new organizational structure with the elimination of obsolete units and positions, from July 1. At the same time there were introduced new departments and positions, corresponding to modern international standards and requirements.
Along with this, there were made the appropriate changes in the company's charter in part concerns the decision to appoint the head of the executive body.
In accordance with paragraph 3 of the Decree and the protocol of the Commission to enhance the effectiveness of corporate governance from 05.14.2015 №02-02 / 1-187 were certified management staff of joint stock companies with state share under the leadership of Chairman State Committee competition of Uzbekistan, by the Republican leader of the working committee №3 D.A. Hidoyatov. As a result of certification of the vacant position of director of marketing, sales, and procurement of international cooperation Oleg Borodavko Anatolyevich was appointed to this position on a competitive basis according to the approved regulations (Protocole of 09.01.2015).
According to the performance of the Cabinet of Ministers №289 from 09.10.2015. "On additional measures for the effective and efficient use of objects of state property" by the valuation of the company "Farg’ona baholash va konsalting Markazi " evaluated transferred the share of public assets in the amount of 26.61% in the authorized capital of JSC "Uzkimyosanoat".
According to an assessment report, the market value of the state share in the amount of 26.61% in the authorized capital of JSC "Farg'onaazot" is 214 260 392 992 sum of the valuation date. Examination evaluation report, produced by LLC «Bat-Konsalting» and considered valid.
On 01.12.2015 there was adopted order №81 State Committee competition of Uzbekistan on the transfer of 26.61% of state share in the authorized capital of JSC "Uzkimyosanoat