FB&H TO PRIVATIZE DOZEN COMPANIES

The Privatization Agency of FB&H (APF) will propose that the government of this entity sells its stocks in two electricity and two telecommunication companies as well as privatize a dozen state-owned companies as their value has fallen by about 560 million EUR over the past decade.  

The APF Director Suhret Fazlic told that the Agency would propose the sale of 5 percent of stocks in the electricity companies Elektroprivreda B&H and Elektroprivreda Herceg-Bosna, and Hrvatski Telekom Mostar and B&H Telekom.

Mr Fazlic warned that due to the delayed privatization of a dozen companies, their value had drastically fallen in value and with a little investment they could be sold better.

He explained that the privatization activity in the entity was to undergo amendments to facilitate the privatization procedure of these state-owned companies.