The legal procedure of corporatization of the Belaruskali enterprise is completed. September 27, 2010 the Minsk Voblast executive committee issued a JSC Belaruskalii certificate of state registration in the Unified State Register of legal entities and individual entrepreneurs.
However, the company, 100% shares of which are owned by the state, still has a number of mandatory procedures, including release and registration of the shares, holding the first meeting of shareholders, formation of the governing bodies, AFN informed.
As Telegraf informed, Belaruskali was listed in the privatization plan 2008-2010 of the objects in the republican ownership.
The First Deputy Prime Minister of Belarus Vladimir Semashko stated that the government intended to receive six or seven billion dollars after sale of Belaruskali shares. «The country needs free money, not credits, even under 2-3 % because they are also the credits which we are to repay», Vladimir Semashko said.
In this case, the deputy head of government stressed that controlling or blocking stake will not be given to anyone. According to the State Property Committee, the authorized capital of Belaruskalii amounted to about Br6 trillion ($2 billion).
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