Belarus’ largest bank Belarusbank may arrange an initial public offering (IPO) in 2019, First Deputy Prime Minister of Belarus Vasily Matyushevsky declared on November 29.
According to the source, persistent work is in progress to arrange the IPO.
“I hope we will be able to carry out the initial public offering in 2019,” said Vasily Matyushevsky.
The official specified that 25% of Belarusbank’s shares would be offered.
“We would like to offer up to a blocking package,” he added.
Vasily Matyushevsky remarked that conditions for corporate IPOs had been enabled in Belarus. He said it was possible that some other companies might also arrange a public share placement of their own the next year. (BelTA/Business World Magazine)