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Bosnia's Federation to sell stake in tobacco co FDS via Sarajevo bourse

Bosnia's Federation to sell stake in tobacco co FDS via Sarajevo bourse Tobacco. Author: bobistraveling. License: Creative Commons, Attribution 2.0 Generic

SARAJEVO (Bosnia and Herzegovina), July 25 (SeeNews) – The government of Bosnia’s Muslim Croat Federation said it will sell its 39.9% stake in tobacco factory Fabrika Duhana Sarajevo (FDS) via the Sarajevo Stock Exchange.

The sale of a total of 511,478 state shares in FDS will be carried out by the entity's privatisation agency, the government said following its regular session on Friday.

It did not provide any further details.

According to the bourse, FDS has a total of 1,281,712 shares with a nominal price of 100 marka each ($56.1/51.1 euro).

The privatisation agency failed this month to sell its stake in insurer Sarajevo Osiguranje via two different auctions on the bourse. It also scheduled an auction for the sale 1,507,724 shares in local drug maker Bosnalijek at 15.50 marka apiece for July 28.

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 marka)

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