The National Agency of Investment and Privatization announces a Call for expressions of interest from domestic and foreign companies to take part in strategic investors’ selection procedure to purchase state stake (77.40%) of “Belsantekhmontazh-2”.
OJSC "Belsantekhmontazh-2" offers a wide range of specialised construction and installation works that include installation of ventilation and air conditioning systems, heating, water and gas supply systems, as well as installation of boilers and maintenance of gas and water meters.
Today a number of international and local business media has released the announcement.
As a result of expression of interest process strategic investors will be selected with following awarding of the Share Sale and Purchase Agreement including investment and social commitments.
The strategy for attraction strategic investors is based on the results of comprehensive due diligence analysis undertaken with the assistance of Financial Advisor.
The Agency invited as a Financial Advisor the consortium of the companies: KPMG Tanacsado Kft. (Republic of Hungary), KPMG Limited liability company (Republic of Belarus), Law offices Raidla Lejins & Norcous (Republic of Lithuania), Stepanovski, Papakul and Partners Limited Liability Company (Republic of Belarus), Advocates Bureau Stepanovski, Papakul and partners (Republic of Belarus).
Private companies with a solid business reputation with at least three years experience in the area of construction or production of building materials are encouraged to participate in the strategic investors’ selection. Herewith potential participants should have average revenue or shareholders’ equity for last three financial years of at least USD 140 million and USD 40 million, respectively.
To be eligible for participation in the strategic investors’ selection procedure interested companies should submit Expressions of interest no later than September 22, 2014 according to the set form.
After the deadline of Expressions of interest submission the Tender Committee will shortlist potential investors. Shortlisted investors will be provided with access to the Data Room, management presentation. Site visits will be also organized.
In November 2014 potential strategic investors should perform final investment offers. The best final investment offer will be selected by the Tender Committee.
For more information follow the link.
The procedure of searching and attraction of strategic investor is undertaken under supervision and with assistance of the World Bank within the framework of the Grant Agreement between the Ministry of economy of the Republic of Belarus and the International Bank for Reconstruction and Development (Austrian Trust Fund Grant TF098603 dated December 22, 2010).