Having sold state-owned enterprises' shares, Belarus earned about $3.8 million in 2010. During the year, Belarus put up for auction more than ten blocks of shares of the enterprises of the republican form of ownership, including five of them, which were agreed upon with the International Monetary Fund.
The bidding passed successfully only in June, when the shares of Zhlobin career of molding materials and Smaliavichy experimental mechanical plant were put up for sale, «Ejednevnik.»
In the first case, an unnamed Russian commercial structure acquired at auction 97, 3% of the shares for $1.3 million. In the second — during the competition, which was attended by two companies, Belarusian firm DorAvtoStal acquired 93, 9% of shares. The sum paid for the shares is almost twice bigger of the initial auction price (about $2.5 million).
At the end of November State Property Committee of Belarus plans to hold a tender for the sale of shares, «illiquid» two public companies — «Factory «Prodmash» which failed to be sold in August, and «Trust «Spetsselstroy» (last time they tried to sell it in July). In addition, the State Property Committee plans to hold a new tender for shares of three public companies, traded on the so-called line of the IMF.
As Telegraph reported, the JSC shares hadn’t been previously sold for the following reason: no trade took place because of lack of bids from potential investors. As specialists explained, the second half of 2010 is a bad period for privatization because of excessive political tensions caused by the upcoming presidential election. In addition, experts believe that the initial cost of state-owned shareholdings and their sale conditions are not attractive to investors.
