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News

Belarus to name financial advisors to privatize enterprises in August-September

The financial advisors to privatize Belarusian enterprises will be chosen in August-September 2012, BelTA learned from Dmitry Klevzhits, Director of the National Agency of Investment and Privatization.

The shortlisted financial advisors are Deloitte Consulting LLP (USA), Mattig Management Partners (Austria), Admiralty International (New Zealand), CET Capital Ltd, Maxwell Stamp PLCs, Gryphon Emerging Markets Limited (UK), Marlagne Capital Advisors (Belgium), Zabolis Partners Group, PricewaterhouseCoopers UAB (Lithuania), Raiffeisen Investment AG (Germany), KPMG, Ernst & Young, and Uniter (Belarus).

The government has plans to privatize shares of eight enterprises that have been grouped into three pools. The first one includes OAO Baranovichi Reinforced Concrete Constructions Plant, OAO Belsantekhmontazh-2, OAO Avtomagistral, and OAO Construction and Erection Trust No. 8. The second one represents OAO Medplast and OAO Belgazstroy. The third one is made of OAO Konfa and OAO Minsk Margarine Plant. One financial advisor will be assigned per pool.

A financial advisor will be chosen in two steps. After shortlisting the candidates the evaluation committee will send out an invitation to take part in the tender, specification of requirements, and a draft intended contract in addition to typical forms of technical and financial proposals. After evaluating the technical and financial proposals the committee will name the chosen financial advisors and will sign the relevant contracts.

Minsk will host a Belarus Investment Forum in November. “It should become a powerful instrument to demonstrate our investment opportunities, to determine investment limitations and ways to improve Belarus’ investment climate,” remarked the Director of the Agency.

Major corporations and representatives of small and medium businesses from all over the world have been invited to attend the event. The forum will focus on information and communication technologies, pharmaceutics and biotechnologies, development of the regions, and the financial sphere. Dmitry Klevzhits mentioned the creation of data centers in Belarus as a promising information and communication technology project.

Source: BelTA