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Bosnia's Serb Republic seeks buyer for Nova Tvornica Precistaca

Bosnia's Serb Republic seeks buyer for Nova Tvornica Precistaca Bosnian marka Source:

SARAJEVO (Bosnia and Herzegovina), April 27 (SeeNews) - The state-owned Investment-Development Bank of Bosnia's Serb Republic, IRBRS, said it is looking to sell oil and air filter producer Nova Tvornica Precistaca.

IRBRS offers for sale 7,994,975 shares of Nova Tvornica, representing 100% of the company's share capital, with a total nominal value of 7.99 million marka ($4.34 million/4.09 million euro), it said in a bourse filing on Tuesday.

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Potential buyers can submit their bids by May 31.

IRBRS earlier in April launched a call for the sale of marble producer Novi Mermer. According to its 2022 privatisation plan, the bank plans to sell Nova Tvornica, Novi Mermer and car parts manufacturer Novi Autodijelovi, which were established by the bank using assets acquired in bankruptcy proceedings. The bank also plans to sell stakes in six other local companies this year under the plan.

Nova Tvornica Precistaca is located in Rogatica, in the Serb Republic, which is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.

(1 euro = 1.95583 marka)

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