Tuesday, August 31, 2010

Belaruskali on pre-sale preparation


Republican unitary enterprise Belaruskali has been reorganized into joint stock company.

The state runs 100% stake in the JSC, whose authorized fund is about 6 trillion rubles, BelaPAN learnt from the State Property Fund.

Belaruskali is included in the privatization plan for 2010. As deputy prime minister Uladzimir Syamashka told journalists on August 4, Belarus wouldn't hurry to sell the company. "As to selling a block of shares, it is possible," he added.

According to Syamashka, there are a lot of those wanting to buy Belaruskali. It's not the best time for selling, the deputy PM thinks. "Belaruskali is a well-performing company which implements investment projects using its profits," he said.

Earlier, in late June, Uladzimir Syamashka said Belarus was read to sell a 20% stake in BElaruskali for $6-7 billion.

Alyaksandr Lukashenka told in an interview to Reuters May 4 that he didn't exclude possible selling of Belaruskali. "If the share price is good, we will see what kind of a stake to sell. But Belarus will retain a controlling stake for now," Lukashenka said.

Source: Charter'97 :: News from Belarus

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