18:16
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Megacom to be sold without auction

The Fund for the Management of State Property decided to sell Megacom directly, the head of the department Bolsunbek Kazakov said today at a press conference.

According to him, Fund for the Management of State Property three times tried to sell 100 percent of the company's shares, but to no avail.

“Within a month, the fund will wait for applications from investors. Applicants must provide a price proposal for the acquisition of 100 percent of shares not less than the amount of 13.5 billion soms. The buyer must pay 7 percent of the commission fee in excess of the selling price. It takes on all the legal actions,” Bolsunbek Kazakov explained.

He added that applications are accepted until September 25. In case of receipt of two or more applications, the commission will carefully consider the proposals.

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