In May, KPMG in Belarus signed a contract with the National Agency for Investments and Privatization (NAIP) of the Republic of Belarus for rendering services on pre-privatization assistance of and attracting strategic investors for two Belarusian chemical companies - OAO Krion and OAO Lakokraska.
The project is aimed at increasing the investment attractiveness of the Belarusian market through a transparent transaction process, as well as a consistent and individual approach to each company in line with best international practices. The project has resulted from the successful long-term cooperation of KPMG in Belarus with NAIP since 2013.
A consortium led by KPMG in Belarus, with the assistance of the Moscow office of KPMG and one of the Belarusian legal bureaus, will act as a consultant for preparing and implementing the privatization. The consortium will be supported by NAIP, the Ministry of Economy of the Republic of Belarus, the State Committee on Property of the Republic of Belarus and the Belarusian State Concern for Oil and Chemistry Belneftekhim.
During the project, the team of consultants will undertake a comprehensive analysis of the companies, make an overview of potential investors’ market, do other preparatory work, and will then implement a comprehensive process of marketing the privatization targets to investors, negotiating deals and concluding contracts.
The work will be carried out under the scope of the project "Support for Privatization", implemented by NAIP in association with the World Bank and aimed at forming a platform for targeted and transparent approach to privatization in accordance with generally recognized international standards and taking into account the interests of the Belarusian state. The project involves various possible options for strategic investors to participate in the development of privatization targets, including acquisition of controlling interest by investors, purchase of additional share issues, and establishing joint ventures.