The Belarusian government is ready to sell Krasnoselskstroymaterialy to CRH for approximately US$200m, according to Deputy Prime Minister, Anatol Kalinin.

"The investor does not want to buy the entire stake although we are offering it to purchase 100 per cent of its shares," he said, adding that the sides continued their talks and were bringing their positions closer together.

The government is determined to carry out a targeted privatisation, said Mr Kalinin.

The cement manufacturer has been recently modernised, according to BelaPan Online.

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