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Over 30 foreign firms ready to consult on privatization in Belarus

MINSK, 27 January (BelTA) – The National Investment and Privatization Agency has received more than 30 applications for the participation in a tender on providing consulting services in the country’s privatization, BelTA learnt from the agency.

Among them are consulting companies and investment banks of Great Britain, Germany, Austria, India, the USA and other countries. The National Investment and Privatization Agency has launched a pilot privatization project for eight open joint stock companies: Belgazstroi, Minsk Margarine Factory, Avtomagistral, Building and Installation Group No.8, Baranovichi Concrete-Steel Construction Plant, Medplant, Konfa, Belsantekhmontazh-2. The Belarusian agency plans to involve international financial organizations with a wide experience in privatization.

A financial consultant provides all-round assistance in preparation of the company for privatization, market analysis, preparation of legal documents for transactions, holding share sales. The winners of the tender will be announced in March-April this year.

Cooperation with world’s leading financial consultants will raise attractiveness of Belarus’ privatization program, help conduct sales of the companies in line with high international standards, and enhance the international image and credit ratings of the country.