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Bosnia's Serb Republic to sell majority stake in RZR Ljubija at Dec 17 auction

Bosnia's Serb Republic to sell majority stake in RZR Ljubija at Dec 17 auction Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

BANJA LUKA (Bosnia and Herzegovina), November 5 (SeeNews) - The government of Bosnia's Serb Republic plans to sell its 65% shareholding interest in iron ore mining company RZR Ljubija at an auction on December 17, the company said on Monday.

The Serb Republic aims to sell 33.005 million RZR Ljubija shares with the starting price in the auction set at 2.0912 marka ($1.216/1.069 euro) per share, the company said in a filing to the Banja Luka Stock Exchange.

The auction will be held on the Banja Luka Stock Exchange and interested investors should submit documents for participation with the state-owned Investment-Development Bank of the Serb Republic (IRBRS) by December 3, RZR Ljubija said.

In May, the Serb Republic government put RZR Ljubija on its 2018 privatisation plan. 

The Serb Republic is one of two entities that form Bosnia and Herzegovina, the other is the Federation.

(1 euro = 1.95583 marka)

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