As part of
an open international competition, a 100% state share in the authorized capital
of Universal Mobile Systems LLC (MobiUz) was put up for sale. The international
investment bank Rothschild & Co, KPMG and the independent appraiser
Deloitte acted as project consultants.
To attract
investors, information about the deal was presented on international markets,
published in leading business publications and presented during special
roadshows. More than 15 investors from the USA, Japan, the Persian Gulf
countries, Europe and the South Caucasus, most of whom were foreign companies,
showed interest in the asset.
According
to the results of the competition, a consortium of financial investors led by
the American company McKim and Company with the participation of technology
partner JVR Enterprises LLC (JVR Capital Group) was recognized as the winner.
The
winner's proposal provides for an assessment of MobiUz in the amount of 351
million US dollars, as well as the intention to invest up to 500 million
dollars in the development of the company's telecommunications infrastructure.
The Agency
noted that the proposed value significantly exceeds the estimate of an
independent appraiser and meets the high international standards of such
transactions.
For the
final completion of the transaction, the parties will have to obtain the
necessary regulatory approvals and comply with the corporate procedures
provided for by law.
