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Bosnia's Federation approves plans to sell govt stakes in six big companies in 2016

Bosnia's Federation approves plans to sell govt stakes in six big companies in 2016 wrangler/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), January 15 (SeeNews) – The government of Bosnia's Muslim-Croat Federation said it has approved the privatisation agency's business plan for 2016 which foresees the sale of government equity in six major companies.

The companies in question are drug maker Bosnalijek, engineering company Energoinvest, fuel retailer Energopetrol, aluminium smelter Aluminij, tobacco factory Fabrika Duhana Sarajevo and insurer Sarajevo Osiguranje, the government said in a press release on Thursday following a weekly session.

The government added that the plan also envisages activities on defining the possible methods for the sale of telcos BH Telecom and HT Eronet.

The Federation government owns 19.25% of Bosnalijek, 67% of Energoinvest, 22.1% of Energopetrol, 39.9% of FDS, 44% of Aluminij and 45.5% of Sarajevo Osiguranje.

The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.

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