October 12 (SeeNews) - The government of Bosnia's Serb Republic said it has approved the key elements of a planned auction for the sale of its stake in iron ore mining company RZR Ljubija.
The state-owned Investment-Development Bank of the Serb Republic (IRBRS) will organise an auction for the sale of the majority stake in the capital of RZR Ljubija held by the entity government, the cabinet said in a statement following a weekly session on Thursday.
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The government did not provide further details.
In May, the Serb Republic government included RZR Ljubija in its 2018 privatisation plan. The entity will dispose of its 65% interest in RZR Ljubija via an auction on the Banja Luka Stock Exchange, after several previous attempts to sell the stake failed, the government said in May.
The Serb Republic is one of two entities that form Bosnia and Herzegovina, the other is the Federation.