OREANDA-NEWS. February 16, 2011. Belarus plans to sell state stakes in 244 open joint-stock companies in 2011-2013, an official in the State Property Committee stated.

The list has been compiled based on proposals of ministries and concerns, which analyzed whether it was advisable to retain the state stake in companies. “The state may offer all its shares in loss-making companies and enterprises, where the state controls less than 50% and does not need to keep a blocking shareholding,” the official added.

The list may be amended, the official noted.

In 2009-2010, Belarus sold state shareholdings in 10 OJSCs worth 14 billion Belarusian rubles (Br) and USD 781 million. The largest transactions were the sale of an 80% stake in CJSC BeST mobil carrier to Turkish Turkcell for USD 500 million and 97.91% stake in OJSC BPS-Bank to Sberbank of Russia for USD 280.8 million.