Bosnia’s Serb Republic offers for sale stakes in four firms

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

The entity is selling a 35% stake in furniture maker Buducnost for 114,558 marka and a 34.5% shareholding interest in meat producer Stocar for 121,851 marka. It will also offer a 12.7% stake in hotel and restaurant operator BRC Seher for 55,640 marka and a 13.6% stake in agriculture company PD Semberija for 866,326 marka.

The sale begins on December 18 and will last until the stakes are sold or until January 19 at the latest.

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

(1 euro = 1.95583 marka)