Bosnia region to sell stake in top insurer on June 23

May 26, 2016 2:31 PM

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SARAJEVO May 26 Bosnia's autonomous Bosniak-Croat Federation will offer for sale its 45.5 percent stake in insurer Sarajevo Osiguranje on June 23, hoping to raise at least 27.4 million Bosnian marka ($15.6 million) to help cover its budget deficit.

The auction of 2.1 million shares will be carried out via the Sarajevo Stock Exchange with a starting price of 12.99 marka per share, the region's privatisation agency said on Thursday.

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