OREANDA-NEWS. October 21, 2011. Belarus’ OJSC Minsk Sparkling Wines Plant is due to hold people’s IPO in the first half of 2012, with a 25% state-owned stake put up for sale (the company is fully owned by the state), a source told reporters.

At the moment, agencies concerned are busy making the terms of the transaction and deciding on the stake size. Presumably, the IPO will allow individuals to take part, with a limit of 1,000 shares per investor. At the moment, the wine company’s ordinary share is worth Br105,000 (Br5,765/USD 1).

In fact, it will be the first experience of holding people’s IPOs in Belarus, the source said.

Minsk Sparkling Wines Plant was established in 1978; it makes 80 varieties of beverages; annual output is estimated at 12 million bottles.

The nominal value of one ordinary share of Minsk Sparkling Wines Plant now is Br42,000, according to Belarus’ Central Depository for Securities. The company’s chartered capital is made up of 720,416 shares. The enterprise is fully owned by the state.