Updated at 11:43,21-10-2020

India may buy Belaruskali shares


India is willing to buy shares of Belaruskali. This was stated by the Indian ambassador in Minsk, Manoj Kumar Bharti, on January 24.

According to him, negotiations for the sale of shares are underway. "At present, the decision on the matter depends to a greater extent on the government of Belarus", he said.

The sides also discuss the supply of Belarusian potash fertilizers to India, BelTA informs.

The ambassador also called the pharmaceutical, agro-processing and dairy industry the most mutually beneficial and promising areas for cooperation between the two countries. He noted that Belarus' membership in the Customs Union is a real possibility of increasing Indian investments in Belarus.

"Lack of information is the main reason that the relationship between the two countries have not yet grown into a sustainable economic cooperation", said Manoj Kumar Bharti.

The president of Belarus has already speculated on the potential sale of Belaruskali state-owned shares. The head of state said in June that $30 billion was a decent price for the company, noting that this amount would be adjusted for the dollar inflation from July 1.

Meanwhile, analyst at Raiffeisenbank Konstantin Yuminov believes that the Belaruskali fair price is 1.5-2 times lower than the stated $30 billion.