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Nov 24, 2017 12:52 EEST
BANJA LUKA (Bosnia and Herzegovina), November 24 (SeeNews) – Bosnia's Serb Republic has sold minority stakes in only two companies after earlier this month if offered for sale minority share packages in a total of 67 firms on the Banja Luka stock exchange, local media reported.
The entity's government sold a 14.58% stake in Prnjavor-based furniture maker Standard and a 11.85% stake in Novi Grad-based textile company Sana-elvis, for some 0.5 million marka ($0.3 million/0.25 million euro) and 38,628 marka, respectively, news portal Capital.ba reported on Thursday.
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The entity's government had offered for sale the stakes via its pension reserve fund and the state run Investment-Development Bank IRBRS under the all or nothing principle on the Banja Luka Stock Exchange.
The stakes for sale included 15% of road company Hеrcеgоvinаputеvi, worth a nominal 1.4 million marka, and 14.9% of the producer of architectural aluminium profiles Alpro AD Vlasenica, worth 1.03 million marka.
Also on sale were a stake of 0.009829% in oil refinery Modrica and 0.007297% in another oil refinery, Brod. Both refineries are majority-owned by Russian state-owned oil firm Zarubezhneft.
All the companies are based in the Serb Republic, one of two entities that make up Bosnia and Herzegovina. The other is the Federation.
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