Bosnia's Serb Republic government is set to make a renewed attempt to sell a majority stake in its leading brewer, Banjalucka Pivara.

The company's general director, Predrag Radic said that the management and the government's privatisation authorities were working on details for a new tender offer and he expected a new tender to be published by mid-August. However, he added that he was personally not convinced of the need for a strategic investor.

The Belgian brewing group, Interbrew, won the initial tender in 2000, offering $40.2m for a 53.9% stake but the group later withdrew from the deal after disagreements over how the company would be run after privatisation.