Belarus Willing to Sell Shares of Belaruskali and BelAZ

30.06.2011 14:11
Архив Редакция

First Deputy Prime Minister of Belarus Vladimir Semashko said at the House of Representatives on June 30 that the authorities had decided to sell shares of Belaruskali and BelAZ. According to him, already in late July, Belarus intends to attract credit to $1 billion on security of proceeds from the sale of potash or Belaruskali assets.

As for BelAZ plant, Vladimir Semashko said that its shares would be sold through public offerings on foreign stock markets, BelTA informs.

In particular, Deutsche Bank is considering placing IPO BelAZ on foreign stock markets, most likely on the Frankfurt Stock Exchange, said First Deputy Prime Minister. In this case, a minority stake of 10-15% is on the table.

Deputy Prime Minister of Belarus noted that preparations for IPO placement could take 1.5-2 years.

Information:

IPO — initial public offering for sale to a wide range of individuals. The company brings its shares on the stock exchange for the first time, offering them to the public.

In 2006, 1729 IPO in the amount of $247 billion were held all over the world. Significant excess of this figure was expected in 2007. The U.S. and China became the leaders on the amount of transactions. The largest IPO was held by Agricultural Bank of China in 2010, having attracted $22.1 billion.

This IPO boom is associated with «dotcoms» showing up on the market in the late 1990s — over 200 companies first came to market in a record 1999 and raised about $200 billion.

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