December 4 (SeeNews) - The government of Bosnia's Serb Republic has postponed the auction for the sale of a 65% stake in iron ore mining company RZR Ljubija to January 30 from December 17, the company said.
The deadline for submission of documents for participation in the auction was extended to January 17 from December 3, the company said in a filing to the Banja Luka Stock Exchange on Monday.
You can subscribe to our M&A newsletter here
The Serb Republic aims to sell 33.005 million RZR Ljubija shares. The starting price in the auction is set at 2.0912 marka ($1.216/1.069 euro) per share.
The auction will be held on the Banja Luka Stock Exchange and interested investors should submit documents for participation with the state-owned Investment-Development Bank of the Serb Republic (IRBRS).
In May, the Serb Republic government put RZR Ljubija on its 2018 privatisation plan.
The Serb Republic is one of two entities that form Bosnia and Herzegovina, the other is the Federation.
(1 euro = 1.95583 marka)