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Beltransgaz to Evaluated By One Of World’s Largest Auditing Companies 11:56, 24/02/2004
By the middle of March Belarus plans to complete agreement with Gazprom on an independent auditing company to evaluate Beltransgaz price, said Belarusian deputy Economy Minister Aleh Melnikaw, informed Radio Svaboda. It is likely that the evaluator is to be chosen from four world’s largest auditing companies. According to previous information, the evaluation is to take from three to six months and would cost from 50 thousands dollars to 1% of the enterprise’s price.
Deputy director general of Beltransgaz Stanislaw Hiedranovich informed that the evaluation of the company had been carried out by national auditors only, without taking into consideration international standards of financial accounting.
As we have informed, Belarus estimated the market cost of Beltransgaz at $5 billion, while Gazprom estimates its cost at $600 million. According to the Russian-Belarusian agreement of April 12, 2002 the joint venture on the base of Beltransgaz was to be established by July 1, 2003.
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