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Bosnia's Federation plans to privatise six cos in 2016

Bosnia's Federation plans to privatise six cos in 2016 wrangler/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), December 2 (SeeNews) – The privatisation agency of Bosnia’s Muslim Croat Federation said it has adopted a business plan for 2016 which foresees the sale of government equity in six 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 agency said in a press release on Tuesday.

The government’s capital in these companies is valued at some 329.6 million marka ($178.9 million/168.5 million euro).

The agency added that the plan does not envisage the privatisation of BH Telecom and HT Eronet, but activities are planned on defining possible methods for the sale of the telcos. 

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

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

(1 euro=1.95583 Bosnian marka)

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