2 December 2013
Egorov Puginsky Afanasiev and Partners in Belarus – legal consultant during the preparation of privatization process of OJSC “Medplast”

The team of Egorov Puginsky Afanasiev and Partners in Minsk (the Firm) was a legal consultant in the pilot (for Belarus) privatization project of OJSC “Medplast”. An important stage of the project has recently come to an end: shortlists of potential investors were made. 

A consortium of consultants involving the Firm has attracted a pool of potential strategic investors who are interested in acquiring the shares of Belarusian OJSC “Medplast”.  Before approving the list of key contenders for the assets the procedures of legal, financial and operational due diligence of OJSC “Medplast” as well as the determination of market value of the company shares were held. The legal due diligence was carried out by the lawyers of the Firm under the supervision of the Minsk Office Managing Partner Dennis Turovets. Also the team of the Firm developed a number of documents including rules for the use of a data room, rules of procedure for attraction of a strategic investor, share purchase agreement and confidentiality agreement.

“A successful realization of this stage was possible only because of great teamwork. And the team gave a good account of themselves”, noted Dennis Turovets. 

The short lists of potential investors for OJSC “Medplast” consist of companies which are registered in CIS countries, EU as well as South Asia. The search and selection process of a strategic investor is realized by the National Agency of Investment and Privatization (NAIP) with the support of the World Bank. The process of due diligence from consumers’ side will also be supervised by the team of Egorov Puginsky Afanasiev and Partners.

In May 2013 the consortium of companies consisting of LLC Egorov Puginsky Afanasiev and Partners (Belarus), Mattig Management Partners GesmbH (Austria) and CJSC Alfa-Bank (Belarus) was selected by the Belarusian government as a financial consultant for attraction of a strategic investor for OJSC “Medplast” and OJSC “Belgazstroy”. These companies are among 8 enterprises which take part in the pilot privatization project run by NAIP with the assistance of the World Bank.