OREANDA-NEWS. April 11, 2012. Belarus’ OJSC Minsk Sparkling Wines Plant is due to hold people’s IPO May 3 – June 15, with a 33% state-owned stake put up for sale (the company is fully owned by the state), Alla Sokolovskaya of Belgospischeprom told reporters.

As previously reported, the IPO will allow individuals to take part, with a limit of 1,000 shares per investor. The company is set to sell 240,000 shares priced at Br171,450 each (USD 21.4). Belarusbank and Belgaprombank have been chosen to act as investment brokers. The funds raised as a result of the IPO will go to pay off loans borrowed by Minsk Sparkling Wines Plant to finance reconstruction activities.

Minsk Sparkling Wines Plant was established in 1978; it makes 80 varieties of beverages; annual output is estimated at 12 million bottles.

The company’s chartered capital is made up of 720,416 shares worth Br30.257 billion (Br8,000 - USD 1). The enterprise is fully owned by the state.