BANJA LUKA (Bosnia and Herzegovina), June 20 (SeeNews) – Bosnia's Serb Republic has launched the sale of minority stakes in 22 companies, worth over 9 million marka ($5.1 million/4.6 million euro) combined, the entity's Investment-Development Bank IRBRS has said.
The entity's government is selling the stakes via its pension reserve fund, the state run IRBRS, and companies heading investment funds Management Solutions and Еurоinvеstmеnt, under the all or nothing principle on the Banja Luka Stock Exchange, according to a notice published by IRBRS.
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The biggest stake on sale is a 32.25% holding in the producer of architectural aluminium profiles, Alpro AD Vlasenica, with an estimated value of 2.5 million marka. The stakes in the remaining companies range from 2% holding to 15%.
All the companies are based in the Serb Republic, one of two entities that make up Bosnia and Herzegovina. The other is the Federation.
The sale, which began earlier this month, will last until the order is complete or until July 14 at the latest.
(1 euro=1.95583 marka)