Bosnia's Serb Republic launched the sale of minority stakes in four companies worth a combined BAM 960,295 ($488,100/490,900 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. The entity is selling a 35% stake in furniture maker Buducnost a.d. for BAM 122,513 and a 34.5% shareholding interest in meat producer Stocar a.d. Banja Luka for BAM 142,159.

It will also offer a 12.3% stake in hotel and restaurant operator BRC Seher a.d. Banja Luka for BAM 60,856 and a 9.95% stake in agriculture company Semberija PD AD Bijeljina for BAM 634,767. The sale begins on September 19, 2022 and will last until the stakes are sold or until October 7, 2022 at the latest.