The Ministry of Economy of Republic of Belarus, the National Agency of Investment of Privatization and the Consortium of Mattig Management Partners GesmbH (Austria), CJSC “Alfa-Bank” (Belarus), LLC “EGOROV, PUGINSKY, AFANASIEV and PARTNERS” (Belarus) have signed the Contract for Consultant’s Services on Attracting Strategic Investors to OJSC “Medplast” and OJSC “Belgazstroy”
In accordance with Contract provisions Financial Advisor will prepare financial, operational and legal due diligence of the enterprises, independent valuation according with the international methodology and national standards, analyze investments risks, develop strategies for attracting investors, carry out marketing company.
Team Leader of the Financial Advisor is Peter Gumpel – senior adviser of Mattig Management Partners, privatization expert with significant experience. Under his leadership the privatization in various industries was realized in Bulgaria, Macedonia, Moldova, Romania, Serbia, Slovakia, Ukraine, and Montenegro. The position of Deputy Team Leader and Key Financial Specialist is held by Sergey Mukhanaw, the Director of International and Investment Banking of CJSC “Alfa-Bank”, Legal team headed by Dennis Turovets — the Managing Partner of LLC “EGOROV, PUGINSKY, AFANASIEV and PARTNERS”.
Strategic investor is going to be attracted to enterprises till the end of 2013.
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The Financial Advisor was selected in accordance with procedures of the World Bank. More than 30 applicants participated in selection process. The Evaluation Committee was formed from representatives of the Ministry of Economy, the Ministry of Finance, the State Property Committee and the Agency. During the tender, Evaluation Committee assessed participants on such criteria as experience in similar transactions, experience and qualification of the employees, nominated for participation in the project etc.
OJSC “Medplast” and OJSC “Belgazstroy” are in the list of eight companies selected for Pilot Privatization Project.