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Shares of Belarusian Belinvestbank priced at Br549m

Economy 04.12.2019 | 14:24
Andrei Gayev. An archive photo
Andrei Gayev. An archive photo

MINSK, 4 December (BelTA) – The value of the package of shares in Belinvestbank is estimated at Br549 million, BelTA learned from Chairman of the State Property Committee of Belarus Andrei Gayev.

The official said: “The rectified value of Belinvestbank shares stands at Br549 million”. Evaluations of the Belarusian side and a foreign appraiser have been reconciled.

According to the source, an agreement has been reached that the European Bank for Reconstruction and Development (EBRD) will present its final vision on the matter in early 2020. The Belarusian side will prepare its own information by the end of the year in order to discuss Belinvestbank's privatization deal. “The matter of reconciling the views will be discussed provisionally in January,” Andrei Gayev said.

Prime Minister of Belarus Sergei Rumas met with First Vice President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink on 3 December. Sergei Rumas said the government is interested in seeing the Belinvestbank deal with the EBRD taken to its logical conclusion. The deal with the EBRD to privatize Belinvestbank was also discussed during their meeting in London on 22 November.

In 2015 the European Bank for Reconstruction and Development and the Belarusian government signed a memorandum of understanding regarding the privatization of the public joint-stock company (OAO) Belinvestbank.

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