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Bosnia's Serb Republic seeks to raise 2.1 mln euro from sale of minority stakes in 3 companies

Bosnia's Serb Republic seeks to raise 2.1 mln euro from sale of minority stakes in 3 companies Oleksiy Mark/Shutterstock.com

BANJA LUKA (Bosnia and Herzegovina), July 5 (SeeNews) - Bosnia's Serb Republic is launching the sale of its shares in three companies on the Banja Luka Stock Exchange, in partnership with a local investment fund management company, the entity's Investment-Development Bank, IRBRS, said.

The Serb Republic is seeking to raise at least 4.1 million marka ($2.4 million/2.1 million euro) from the sale of the shares, the IRBRS said in a bourse filing on Wednesday.

Interested parties will be offered to acquire the shares currently held by IRBRS, the entity's Pension Reserve Fund Management Company and investment fund management company Management Solutions from July 16 to July 27 under an all-or-nothing procedure, the IRBRS said in a bourse filing on Wednesday.

The stakes on sale include 15.88% of wholesale and retail company Boska RK, 11.90% of fruit and vegetables processing company Vitaminka and 13.36% of the manufacturer of structured metal products Metalno.

All the companies are based in the Serb Republic - one of two entities that make up Bosnia and Herzegovina.

(1 euro=1.95583 marka)

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