Belarus Readies Asset Sales, Reincorporates Transport Companies

April 12 (Bloomberg) -- Belarus plans to convert all of its state-owned transportation enterprises aside from Belarusian Railway into open joint stock companies by 2015, paving the way for the government’s divestment program.

“Shares in these companies should be sold to investors who pledge to maintain the companies’ main specialization in transportation,” Transportation Minister Ivan Scherbo told reporters after a parliamentary hearing in the capital, Minsk today.

The structure of Belarus’s flagship state air carrier Belavia may be changed into a joint stock company next year, Scherbo said, without elaborating if the government had any offers to buy the airline after a possible reincorporation.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net