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Belarus does not plan to lower selling price of its stake in MTS

September 29, 2011, 13:29 UTC+3
"A decision to sell the stake in the MTS for $1,000 million was made by the Head of State
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MINSK, September 29 (Itar-Tass) — Belarus does not plan to lower the selling price of the state-run block of shares (51 percent) in the MTS, Pyotr Lukyanov, First Deputy Director of the State Property Foundation of the State Property Management Committee, said in a video briefing on Thursday.

"A decision to sell the stake in the MTS for $1,000 million was made by the Head of State. The stake has been evaluated in accordance with legislation," Lukyanov said. In so doing he emphasized as follows: "The President determined the price (of $1,000 million for the state share in MTS -- Itar-Tass), and it is the minimum one".

Pyotr Lukyanov said "potential investors have been informed" of the holding of December 1 auction for the sale of the State share in the joint limited liability company "MTS".

It had been earlier announced that an auction for the sale of the Beltelekom 51-percent share in the MTS joint limited liability company would be held at the State Property Management Committee on December 1.

The MTS public joint-stock company, which now owns 49 percent of shares in the joint company, is among potential buyers.

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