Bosnia' Serb Republic has put a majority stake in the country's brewery Banjalucka Pivara up for sale. Previous efforts to privatise the brewer have failed.

The local news agency SeeNews quoted the director of the Serb Republic Directorate for Privatisation Vladimir Mackic saying: "We invite strategic investors to participate in an international tender with no starting price for the sale of 25,662,800 shares, or 53.81%, of Banjalucka Pivara."
 
Potential bidders have been told they must maintain the core activity of the brewery for the first three years after the purchase and accept the collective contract that the company has with its staff, if they are successful with their offer.

Mackic was quoted saying that initial interest had been shown by companies that include InBev, Carlsberg, Efes Beverage Group and Lasko Brewery.