Belarusian authorities offered 60 businesses for sale

The government has come up with a list of enterprises which could be privatized this year.

Charter97.org has been informed about that by the State Property Fund.

There are 60 public companies on the list. They include enterprises of such concerns as Belneftekhim, Bellesbumprom, Belgospishcheprom, Minstrojarkhitektura, of the Ministry of Industry, the Ministry of Agriculture, the Transport Ministry, the Communications Ministry, the Energy Ministry. The state is ready to sell the entire portfolio of shares, which ranges from 10% to 100% depending on a company.

The cost of assets is not stated in the document. “The initial price of the shares is set at their maximum market or book value, as established on January 1 of the year of sale. The market-based valuation of shares is done after the decision of the president of Belarus on their sale is adopted,” the report reads.

Among the major companies which the authorities of Belarus are ready to sell are Mogilevkhimvolokno and Horizon (Gorizont) Minsk Radio and TV Plant, as well as a number of woodworking enterprises.

The State Property Fund has presented several conditions to potential investors. A buyer of Mogilevkhimvolokno should ensure implementation of several projects for a total sum equal to $353.2. An investor of Horizon should be one of the companies on the top of the world rating of household appliances and industrial electronics manufacturers.