December 18 (SeeNews) - Bosnia and Herzegovina's Serb Republic launched the sale of minority stakes in 62 companies worth an estimated 12.4 million marka ($6.9 million/6.3 million euro) combined, the entity's Investment-Development Bank (IRBRS) said on Monday.
The entity's government is selling the stakes via its pension reserve fund and state-run IRBRS on the Banja Luka Stock Exchange under the all-or-nothing principle, IRBRS said in a bourse filing.
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The most expensive stake on sale is a 15% shareholding in port operator Luka Samac, worth an estimated 1.3 million marka.
The sale, which will begin on December 25, will last until the stakes are sold out, but no later than December 29.
The Serb Republic is one of two entities that make up Bosnia and Herzegovina. The other entity is the Federation.
(1 euro = 1.95583 marka)