Eight small and medium sized State Owned Enterprises (SOEs) representing different industrial sectors have been identified for the first pilot privatization and assigned to the Agency to privatize -- Minsk Margarine Factory, Konfa, Medlplast, Belgazstroi, Avtomagistral, Construction and Assembly Trust No. 8, Baranovichi Reinforced-Concrete Structures Factory, Belsantechmontazh 2. These enterprises are divided into three groups.
In regard to the Pool of the food industry (OJSC "Minsk Margarine Plant" and OJSC "Konfa") as a Financial Advisor to the Agency acts the consortium “Ernst & Young FLLC”, “Ernst & Young Legal Services” and the law firm “Aleynikov and Partners”. World leading consulting company Ernst & Young together with Alejnikov and partners company supports us in the process from very beginning. The Agency are on the final stage of attracting strategic investors. The selected Strategic Investors for Konfa and Minsk Margarine Plant were invited to negotiations on the terms of the Share Purchase Agreement.
Regarding to the Pool of OJSC "Medplast" and OJSC "Belgazstroi" the Agency hired consortium of the companies such as Mattig Management Partners, Alfa Bank Belarus, Egorov, Puginsky, Afanasiev and Partners. The Agency have completed preparatory phase for privatization including due diligence, valuation in accordance to Belarusian and international standards.
By the end of 2013 the Agency launched the tender process and invited potential investors to submit their expressions of interest regarding to these enterprises. Shortlisted Potential Investors are invited to submit their final investment offers be the end of February 2014. The Agency expect to finalize tender process and sign the Share Purchase Agreement in April 2014.
Regarding the Pool of construction materials and road construction enterprises (OJSC "Avtomagistral”, OJSC "Construction and Assembly Trust No. 8”, OJSC "Baranovichi Reinforced-Concrete Structures Factory”, OJSC "Belsantechmontazh 2”) the Agency hired as Financial Adviser the Consortium of KPMG Tanacsado Kft. (Hungary), KPMG Limited liability company (Belarus), Law offices Raidla Lejins & Norcous (Lithuania), Stepanovski, Papakul and Partners Limited Liability Company (Belarus), Advocates Bureau Stepanovski, Papakul and partners (Belarus). In the 1d quarter 2014 Financial Advisor will conduct due diligence and we expect to launch the sale process through advertisement in international and local media in April 2014.
All potential investors are invited to participate in the oncoming tender. You will find a short information concerning each privatization objects, see below.
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