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Investment-Development Bank of Bosnia's Serb Republic plans to exit nine companies

Investment-Development Bank of Bosnia's Serb Republic plans to exit nine companies Bosnian marka Source: www.vladars.net

SARAJEVO (Bosnia and Herzegovina), February 4 (SeeNews) - The state-owned Investment-Development Bank of Bosnia's Serb Republic, IRBRS, plans to offer for sale stakes in nine local companies in 2022, it said.

IRBRS plans to sell a 65% stake in mining company RZR Ljubija in a public auction which will take place on the bourse, its privatisation plan for 2022 shows.

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Furthermore, IRBRS is looking to dispose of minority stakes in five companies through regular trading on the stock exchange, including a 42.3% stake in fuel and oil derivatives trader Krajinapetrol and a 30% stake in furniture maker Buducnost.

IRBRS also plans to privatise marble producer Novi Mermer, car parts maker Novi Autodijelovi and oil purifier producer Nova Tvornica Precistaca, which were established by the bank using property purchased in bankruptcy proceedings, the plan shows.

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

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