You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bosnia’s Serb Republic puts on sale minority stakes in 57 firms

Bosnia’s Serb Republic puts on sale minority stakes in 57 firms Bosnian marka Source: www.vladars.net

SARAJEVO (Bosnia and Herzegovina), November 26 (SeeNews) - Bosnia's Serb Republic launched the sale of minority stakes in 57 companies worth a combined 9.3 million marka ($5.4 million/4.8 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 according to the all-or-nothing principle, IRBRS said in a bourse filing on Thursday.

The most expensive stake on sale is a 12.54% shareholding in department store operator Boska RK, worth an estimated 1.1 million marka.

The sale, which begins on November 30, will last until the stakes are sold, but no later than December 13.

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

(1 euro = 1.95583 marka)

YOU CAN SUBSCRIBE TO OUR M&A NEWSLETTER HERE
Compare