Bosnia’s Serb Republic puts up for sale minority stakes in four firms

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.

The entity is selling a 35% stake in furniture maker Buducnost for 122,513 marka and a 34.5% shareholding interest in meat producer Stocar for 142,159 marka. It will also offer a 12.3% stake in hotel and restaurant operator BRC Seher for 60,856 marka and a 9.95% stake in agriculture company PD Semberija for 634,767 marka.

The sale begins on September 19 and will last until the stakes are sold or until October 7 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)