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Brest Oblast administration offers shares in 36 companies for sale

Society 09.01.2018 | 19:40

BREST, 9 January (BelTA) – Investors are encouraged to buy state-owned shares in 36 Brest Oblast companies in 2018, BelTA has learned.

In particular, the Brest Oblast administration seeks investors willing to contribute to the development of the companies by buying state-owned shares in eight industrial sector companies, five trade companies, 15 agricultural companies, and eight companies specializing in services sphere. Most of the packages offer a controlling interest and more than that.

The companies seeking investments include the Baranovichi-based vehicle parts factory Avtako, the Bereza engine repair plant, the Drogichin tractor repair plant, the Kvasevichi-based pillow and blanket factory KPPF, the Pinsk-based mechanical engineering company OAO SMM, the Pinsk-based nonwoven materials factory Pinema, and other public joint-stock companies (OAO).

Detailed information about the companies and the size of the shares available for sale can be found on the website of the Brest Oblast Executive Committee. Investors are also encouraged to take a look and come up with proposals to develop other companies with state-owned shares, information about which is available on the same website.

The shares can be bought by natural persons, including self-employed businessmen, foreign citizens and stateless persons, and legal persons, except for state-owned companies and commercial entities, in which the state owns over 50% of the stock. The shares can also be acquired by foreign countries and their political subdivisions, foreign corporations, and foreign organizations, which are not legal persons.

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