At the Tender Committee meeting the public opening of envelopes with the final Investment Offers submitted by the shortlisted potential Strategic Investors for the Minsk Margarine Plant OJSC has been organized.
To be eligible for participation in the Strategic Investors’ selection procedure for the Minsk Margarine Plant OJSC (93.8% stake) the interested companies should meet the criteria.
Currently, the Tender Committee proceeds with the evaluation of the final Investment Offers of potential Strategic Investors which contain the Price Offer for 93.8% of the shares of Minsk Margarine Plant OJSC and Investment Commitment for further development of the company. The potential Strategic Investors are large private companies specialized in the food industry from the Republic of Lithuania and the Russian Federation.
The Tender Committee will analyze and evaluate within a week final Investment Offers and will select the best Investment Offer based on criteria previously announced: the Price Offering, the proposed amount of Investment Commitments for the first 3 years after the effective date of the Share Purchase Agreement. The potential Strategic Investor shall also undertake to provide the mandatory social guarantees for employees of the Company.
For reference
The submission of Expressions of Interest by Strategic Investors interested in purchasing state shares of the Minsk Margarine Plant OJSC was re-opened until August 2, 2013. Due to the fact that during additional phase of submission of Expressions of Interest announced, no new Expressions of Interest were received, the Tender Committee proceeded with the opening of envelopes and evaluation of the final Investment Offers received earlier from the shortlisted Strategic Investors.