You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's Serb Republic plans to privatise 14 companies in 2018

Author Maja Garaca
Bosnia's Serb Republic plans to privatise 14 companies in 2018 Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

BANJA LUKA (Bosnia and Herzegovina), May 4 (SeeNews) - The government of Bosnia's Serb Republic plans to sell its stakes in 14 companies this year, the 2018 privatisation plan published by the entity's Investment-Development Bank IRBRS shows.

The entity plans to sell three companies of strategic importance, including its 52.5% stake in motor vehicle manufacturer Fabrika motora specijalne namjene, its 100% ownership in aviation equipment producer Kosmos and its 81.5% holdings in engine producer Orao, IRBRS said in a document published on its website.

The Serb Republic will also try to sell four companies established by the government on assets purchased in bankruptcy - an 83.5% stake in Vlasenica-based wood industry, Drva industrija, and 100% stakes in ornamental stone factory Novi mermer, in car accessories maker Novi autodijelovi Rudo, and in filter producer Nova tvornica precistaca.

The entity will also dispose of its 65% holdings in iron ore mining company Ljubija via an auction on the Banja Luka stock exchange, after previously failing to sell it several times, the latest of which last year.

Also on the bourse, but via regular trading, the Serb Republic will sell its shares in Krajinapetrol, Mikroelektronika, Mlinpek, Razvitak, Cajavec-mega and Glas Srpske.

The Serb Republic is one of two entities in Bosnia and Herzegovina, the other is the Federation.