Bosnia's 'Orao' Stake Sold to Belgrade Firm for 13 Million KM Without Tender
The National Assembly of Republika Srpska (NSRS) has approved the sale of a 30 percent stake in the strategic company 'Orao', located in Bijeljina. 'Orao' is involved in the production and repair of aircraft components. The government of Republika Srpska has been granted authorization to proceed with this sale. The transaction will be conducted through a direct negotiation process, bypassing the standard public tender procedure. The buyer is identified as 'Glotek' from Belgrade. The agreed-upon sale price for this 30 percent share of 'Orao's' capital is 13 million Bosnian Convertible Marks (KM). This decision allows for a direct selection of the buyer, rather than an open bidding process.
The decision by the National Assembly of Republika Srpska to sell a significant stake in the strategic enterprise 'Orao' via direct negotiation, rather than a public tender, raises questions about transparency and competitive market principles. While direct negotiation can expedite transactions, it potentially limits the pool of interested buyers and may not secure the optimal market price. Future governance frameworks could benefit from exploring mechanisms that balance speed with robust public oversight to ensure maximum value realization and foster broader investor confidence in strategic state assets.
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