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Friday, 11 April 2014

BelAZ plans IPO in 2014-2016

For the IPO, the company should be large enough known and highly profitable, shares of which are highly liquid commodity

Joint Stock Company \"BelAZ\", \"Gomel fat factory\" and \"Gomel \"Crystal\" is planning an IPO in 2014-2016, respectively. Reported the State Property Committee of Belarus.

The 2013 supports only one project - the sale of the Belarusian Currency and Stock Exchange of shares of \"Minsk factory of sparkling wines\". 2014-2016 years on ministries and concerns identified an IPO six companies, while more detailed elaboration of the issues themselves there were only three. This Gomel fat factory and Gomel \"Crystal\", part of the shares which may be sold in accordance with the laws of the people of Belarus and BelAZ , shares of which will be posted on a foreign stock exchange. In the current year will be only IPO Gomel fat plant.

As explained in the committee for the IPO, the company should be large enough known and highly profitable, shares of which are highly liquid commodity. Society needs to have a program promising development, ie the investment project, and the financial ability to pay for the project consultants and other costs associated with the project, since these costs can amount to 10 % of the expected volume of attracted investments. In addition, the state\'s share in the authorized capital, as a rule, exceed 95 % for post-IPO had the opportunity, if necessary, to attract a strategic investor, experts stressed in SCP.

As regards the amount of shares to be placed on the stock exchange, it will be determined from the state\'s share in the authorized capital of each society and the need to maintain this share after the sale of shares is not less than 75 %. Therefore, an IPO will be offered from 15% to 25 % of the shares, the committee said.

Written by belta.by

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