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BANJA LUKA (Bosnia and Herzegovina), January 12 (SeeNews) – Bosnia's Serb Republic has launched the sale of minority stakes in 77 companies worth a combined several million marka, the entity's Investment-Development Bank IRBRS said.
The entity's government is selling the stakes via its pension reserve fund and the state-run IRBRS under the all or nothing principle on the Banja Luka Stock Exchange, according to a notice published by IRBRS on Thursday.
The most expensive stake on sale is a 5.0% holding in the municipal water supply company Vodovod a.d. Banja Luka, worth an estimated 1.5 million marka ($930,000/767,000 euro).
The remaining stakes range between 0.007297% in oil refinery Brod and 15.0006% in water supply company Vodovod i kanalizacija a.d. Bijeljina.
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 January 17, will last until the order is complete or until January 26 at the latest.
(1 euro=1.95583 marka)