Bloomberg News

Belarus to Offer 19 Strategic State Companies for Sale This Year

February 17, 2012

Feb. 17 (Bloomberg) -- Belarus plans to offer stakes in 19 major state-owned companies this year, five fewer than previously planned, State Property Committee Chairman Georgy Kuznetsov said.

Belarus plans to raise at least $2.5 billion from state asset sales this year, Kuznetsov told reporters today in the capital, Minsk. The list includes oil-industry companies, Kuznetsov said, declining to elaborate.

“We will sell companies representing the petrochemical industry only under the condition that a buyer pledges to supply the company with raw materials,” Kuznetsov said.

President Aleksandr Lukashenko is currently revising the list, Kuznetsov said. According to Belarusian law, the president personally approves a divestment of strategic state enterprises. In January Belarus unveiled plans to sell at least $12.5 billion in assets over the next five years, including stakes in commercial banks.

--Editors: Paul Abelsky, Hellmuth Tromm

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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