Uzbekistan is introducing a practice to retain state “special participation” during the privatization of large and strategic enterprises based on special presidential decrees.
The right will be exercised to protect national security, social stability, and public interests, with mandatory disclosure before privatization begins. Major universities and specialized medical centers will be transformed into business entities, bringing in private investors by selling shareholdings at public auctions. Starting October 1, recordkeeping of rights to shares in companies with a state stake exceeding 50% will be handled by the Central Securities Depository.