MINSK, 29 November (BelTA) – Belarus' largest bank Belarusbank may arrange an initial public offering (IPO) in 2019, BelTA learned from First Deputy Prime Minister of Belarus Vasily Matyushevsky on 29 November.
According to the source, persistent work is in progress to arrange the IPO. “I hope we will be able to carry out an initial public offering in 2019,” said Vasily Matyushevsky.
The official specified that 25% of Belarusbank's shares will be offered. “We would like to offer up to a blocking package,” he added. Vasily Matyushevsky remarked that conditions for corporate IPOs had been enabled in Belarus. He said it was possible that some other companies may also arrange a public share placement of their own the next year.
