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60 companies selected for privatization in Belarus in 2016

Economy 27.01.2016 | 12:01

MINSK, 27 January (BelTA) – The State Property Committee of Belarus has announced public sales and tenders for government's stakes in 2016. The published list contains 56 open joint stock companies (OAO) and four enterprises as asset complexes. The corresponding information is available at the official website of the committee, BelTA informs.

Among open joint stock companies which state-owned shares are offered for public sale or tender are companies of the Architecture and Construction Ministry, Industry Ministry, Ministry of Transport and Communications, Ministry of Communication and IT Penetration, Energy Ministry, Agriculture and Food Ministry, Culture Ministry as well as the concerns Belgospishcheprom, Bellesbumprom, and Bellegprom. Up for sales are 100% of shares of OAO Gomel Radio Manufacturing Plant, OAO Korall (Gomel), OAO Lantan (Orsha District). Government's stakes are also offered for sales in OAO BATE – Avtokomponenty Management Holding Company (Borisov), OAO Horizont Management Holding Company (Minsk), OAO Promsvyaz (Minsk). Investors can also be interested in such OAO as Ivatsevichdrev, Vitebskdrev, Mogilevdrev, FanDOK (Bobruisk), Spartak Paper Factory (Shklov) and others.

Among the unitary enterprises which are to be sold as asset complexes are three companies subordinate to the Emergencies Ministry and one company of Belgospishcheprom Concern.

According to the State Property Committee, applications will be considered by a special commission. Following the consideration of the documents, the commission will submit proposals on the preparation of the President's corresponding draft decisions. “The shares of the Belarusian open joint stock companies and enterprises as asset complexes are sold only upon the relevant decision of the President,” the committee said.

“The starting price of shares (stakes) is set taking into account their highest market or book value reported on 1 January of the year of the sale of these shares (stakes). The starting price for enterprises as asset complexes is determined in the amount of their estimated value. The estimated value of shares (stakes) is determined after the corresponding decision is made by the President of Belarus,” the committee added.

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