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Conditions for the participation of investors in the privatization of state property and the reincorporation of state unitary enterprises into joint-stock companies

14.04.2017 | 11:10


In accordance with Article 1 of the Law of the Republic of Belarus "Concerning the privatization of state property and the reincorporation of state unitary enterprises into joint-stock companies" (No. 2103-XII of 19 January 1993, as amended of 16 July 2010):
 
 Cooperation with investors in the area of privatization is envisaged through selling:

Apart from that, in line with Article 25 of the law on privatizing state property and converting state unitary enterprises into public joint-stock companies (OAO) in the course of converting state unitary enterprises into public joint-stock companies investors are free to act as the other founder (other than the state) in such OAOs, provided they make a monetary and/or non-monetary contributions to the charter fund.

The non-state founders are chosen by the privatization agency through a tender. Should a tender fail because only one application for participation has been submitted, the privatization agency shall choose the non-state founder through direct negotiations with the only participant of the tender.

The procedure for arranging the tender to choose the non-state founder and conditions for arranging these tenders are stipulated by the Council of Ministers’ resolution No.1929 of 31 December 2010. The resolution stipulates measures for implementing the law on amending and expanding several laws and invalidating some legislative acts or their individual clauses, which regulate the privatization of state property.



This page is available at:
http://www.gki.gov.by/en/conditions_for_the_participation_of_investors/
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Republic of Belarus
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