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Belarus
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ByMedia.net
MTS Auction Sale Put off
The Belarusian authorities have decided to put off the auction of MTS state-owned 51% stake, reported Head of the State Property Committee of Belarus Georgi Kuznetsov. The auction was to have been held on December 1, but was rescheduled for December 23, 2011.
Head of the State Property Committee said there’re tender submissions. However, Georgi Kuznetsov refused to report on the reasons for the auction slippage, BelTA informs.
As Telegraf previously reported, MTS auction sale was scheduled for December 1 2011. The authorities are planning to bail out at least $1 billion for the government stake in the company. Such a floor price of a government stake (51%) in MTS was announced by President of Belarus Alexander Lukashenko. First deputy director of the State Property Fund of State Property Committee of Belarus Piotr Lukyanov said on September 29 that Belarus is not going to bring down the selling price of MTS state-owned stake.
It was decided not to disclose the organizations to bid for MTS stake prior to the auction. According to the SPC press secretary, Elena Kostyukova, the decision was "taken to comply with the principles of fair competition."
