September 1 (SeeNews) - Bosnia and Herzegovina's Serb Republic launched the sale of minority stakes in 65 companies worth a combined 12 million marka ($6.1 million/6.1 million euro), the entity's Investment-Development Bank (IRBRS) said.
The entity's government is selling the stakes via its pension reserve fund and state-run IRBRS on the Banja Luka Stock Exchange according to the all-or-nothing principle, IRBRS said in a bourse filing on Wednesday.
You can subscribe to our M&A newsletter here
The most expensive stake on sale is a 12.54% shareholding in department store operator Boska RK, worth an estimated 1.1 million marka.
The sale, which begins on September 19, will last until the stakes are sold, but no later than September 30.
The Serb Republic is one of two entities that make up Bosnia and Herzegovina. The other is the Federation.
(1 euro = 1.95583 marka)