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Regions :: Eastern Europe :: Russia

Belarus renews attempts to privatize Grodno Azot and Belaruskali

10:51 AM MST | February 21, 2013 | Natasha Alperowicz

The government of Belarus is compiling a list of state-owned enterprises it would like to privatize, according to Georgy Kuznetsov, chairman of the State Property Committee of Belarus (Minsk). The government is looking at an option to sell 25% plus 1 share in joint stock company Grodno Azot (Grodno, Belarus), he said earlier this week. A market evaluation of the company is currently under way.   Grodno Azot is a major fertilizer producer and requires funds to modernize its enterprise. It needs more than $1 billion to double output, Kuznetsov says. EuroChem...

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