30.07.2016

The National Agency of Investment and Privatization announces the international tender for the sale of the state-owned 94.096% stake in OJSC Minsk Margarine Plant (MMP) with the possibility of establishing a new factory and redeveloping the existing real estate.

The competition is open to companies that have experience in the manufacture, distribution or sale of food or agricultural products or experience in implementing real estate projects with a total investment of more than 30 million US dollars (or the total area of constructed facilities over 50, 000 square meters) for at least 3 years. In addition, the average volume of the annual revenue of the interested party for the last 3 years should exceed 25 million US dollars, and more than 50% of shares or other interests in the property right should be owned by private shareholders or owners.

The contest is supported by the International Bank for Reconstruction and Development and a consortium of consultants, composed of Mattig Management Partners GezmbH (Austria), CJSC Alfa-Bank (Belarus), LLC Egorov, Puginsky, Afanasiev and Partners (Belarus).

Applications from potential investors are accepted until October 14, 2016 inclusive. More information about the conditions of the competition can be found here.