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Bosnia's Federation to call tenders for stakes in Bosnalijek, FDS, Sarajevo Osiguranje in Jan - report

Bosnia's Federation to call tenders for stakes in Bosnalijek, FDS, Sarajevo Osiguranje in Jan - report wrangler/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), December 28 (SeeNews) – The privatisation agency of Bosnia’s Muslim Croat Federation is expected to launch in January tenders for the sale of government equity in drug maker Bosnalijek, tobacco factory Fabrika Duhana Sarajevo (FDS) and insurer Sarajevo Osiguranje, local media reported.

The Federation plans to raise 65 million marka ($36.5 million/33.2 million euro) through the sale of the stakes, news daily Avaz reported on Sunday.

The daily added that prior to launching the tenders, the government must approve the 2016 business plan of the entity's privatisation agency, which it drafted earlier this month. 

The plan foresees the sale of government capital in a further three companies - engineering company Energoinvest, fuel retailer Energopetrol and aluminium smelter Aluminij.

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 government’s capital in these companies is valued at some 329.6 million marka.

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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