Bosnia’s Serb Republic offers for sale minority stakes in 60 firms

The entity's government is selling the stakes via its pension reserve fund and state-run IRBRS on the Banja Luka Stock Exchange under the all-or-nothing principle, IRBRS said in a bourse filing.

The most expensive stake on sale is a 12.54% shareholding in department store operator Boska RK, worth an estimated 1.1 million marka.

The sale, which will begin on November 14, will last until the stakes are sold out, but no later than November 28.

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

(1 euro = 1.95583 marka)