OREANDA-NEWS. March 12, 2010. A Belarus President ordinance has been passed to alienate shares of three joint-stock companies via tender and auction.

The shares of Prodmash (Minsk) will be sold via tender, shares of Zhlobin Quarry of Molding Materials (Zhlobin) and Printing House of the Belarusian State Agricultural Academy (Gorki) – via auction.

The tender will be announced this year after the market price of the shares has been determined, while auctions will be announced this year, too, after the initial price of the shares has been determined. The date of the tender and the auctions will be posted on the website of the State Property Committee and in mass media.

The Prodmash company specializes in millwork, construction metal structures, metal tanks and reservoirs, metalworking, production of agricultural machines, equipment for animal and poultry breeding. The company employs 71 people.

Printing House of the Belarusian State Agricultural Academy specializes in graphic arts production. The company employs seven people. The value of net assets was estimated at Br70 million as of 1 January 2009.

Zhlobin Quarry of Molding Materials is located in the Gomel Oblast. It specializes in excavating gravel and sand quarries, heating energy generation and delivery, water collection, treatment and distribution. The company employs 53 people. The value of net assets was estimated at Br3.2 billion as of 1 January 2009.