Privatization 2020: 13 state-owned companies put up for sale

16/03/2021
Privatization 2020: 13 state-owned companies put up for sale

On February 26, 2020, the Government has approved the list of 13th Public Joint Stock Companies (OAO) offered for privatization in 2020.

Sale of shares procedure

It is assumed that equity stakes of the following OAO will be sold through an open tender procedure:

Company name Stake to be sold, %
OАО «Baranavichy Machine Tool Accessories Plant» 49,98
OАО «Gomselmash» 49,90
OАО «Coral» 100,00
ОАО «PromLynx» 97,22
ОАО «Horizont Holdings Management Company» 99,90
OAO «Kupalinka» 84,46
OAO «Minskproektmebel» 93,79
OAO «Minsk Light Industry Accessory Works» 49,98

The shares of the following OJSC are supposed to be sold through the auction procedure:

Company name Stake to be sold, %
OAO «Minsk Promtransproekt» 17,41
OAO «MinskSortSemOvoshch» 5,17
OAO «Plant Promburvod» 15,00
OAO «Bellegpromproekt» 5,67
OAO «Bobruisk Tannery» 17,05

Privatization related conditions

The relevant line ministries have developed clear conditions for the implementation of blocks of shares during the tender procedure.

These conditions include, inter alia, investments raising for improvement and technical updating of OAOs, development of production, preservation of the number of jobs and the scope of activities of such companies.

Our assistance may include:

  • Conducting Due Diligence procedures for the target Company from privatization list
  • Stake purchase & sale deal structuring & assistance
  • Development & drafting of a deal related documents
  • Registration of your rights to the acquired stake in the company
  • Other professional services, if required.

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