September 25 (SeeNews) - Bosnia's Serb Republic launched the sale of minority stakes in eight companies worth a combined 93,304 marka ($50,755/47,706 euro), the entity's Investment-Development Bank (IRBRS) said on Monday.
The entity's government is selling the stakes via state-run IRBRS on the Banja Luka Stock Exchange according to the all-or-nothing principle, IRBRS said in a bourse filing.
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The most expensive stake on sale is a 4.9% shareholding in carpentry company 1. Maj Drvodjelska, worth an estimated 43,636 marka.
The sale begins on September 29 and will last until the stakes are sold or until October 27 at the latest.
The Serb Republic is one of two entities that make up Bosnia and Herzegovina. The other is the Federation.
(1 euro = 1.95583 marka)