February 19 (SeeNews) - The government of Bosnia's Muslim-Croat Federation said it approved on Thursday plans to offer for sale this year stakes in 14 companies, including fuel retailer Energopetrol [SAJ:ENPSR], aluminium smelter Aluminij and drug maker Bosnalijek [SAJ:BSNLR].
The entity government said in a statement the privatization plan for 2015 it has approved covers companies for which multiple sell-off attempts have already been made, where the state is a minority shareholder, as well as enterprises that have posted negative results and have been bleeding capital.
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The approved list comprises also engineering firms Energoinvest and Hidrogradnja and tobacco maker Fabrika Duhana Mostar, among others.
The entity government controls 22% of Energopetrol with Croatia's INA and Hungary's MOL each holding 33.5%.
The government of the Federation owns 44% of debt-laden Aluminij, as much is controlled by workers and small shareholders, and the Croatian government holds a stake of 12%.
The entity's energy ministry owns 19.26% of Bosnalijek, data from the Sarajevo stock exchange showed.
The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.