SARAJEVO (Bosnia and Herzegovina), June 30 (SeeNews) – Bosnia's Serb Republic launched the sale of minority stakes in 24 companies worth a combined 4.7 million marka ($2.9 million/2.4 million euro), the entity's Investment-Development Bank (IRBRS) said.
The entity's government is selling the stakes via its pension reserve fund and state-run IRBRS on the Banja Luka Stock Exchange, IRBRS said in a bourse filing on Tuesday.
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The most expensive stake on sale is a 11.6% holding in chemical firm Hemiska Industrija Destilacija, worth an estimated 1.1 million marka.
The remaining stakes range between 5.27% in utility contractor Progres and 15% in water utilities 15 April, Rad and Vodovod Trebinje, carpet maker Fates and waste management firms Komunalac and Komus.
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 begins on July 7, will last until the order is complete or until July 20 at the latest.
(1 euro = 1.95583 marka)