September 27 (SeeNews) - Bosnia's Serb Republic launched the sale of minority stakes in 66 companies worth a combined 15.7 million marka ($9.7 million/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 Friday.
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The most expensive stake on sale is a 14.91% holding in municipal water supply company Vodovod a.d. Banja Luka, worth an estimated 2.66 million marka.
The sale, which begins on October 4, will last until the order is complete or until October 15 at the latest.
The Serb Republic is one of two entities that make up Bosnia and Herzegovina. The other is the Federation.
(1 euro = 1.95583 marka)