Government of FBiH sells property of Elektroprivreda BiH in Gradac

The Government of the Federation of BiH today gave consent to the Agency for Privatization in the Federation of BiH (APF) to sell the property from the passive sub-balance of JP Elektroprivreda BiH d.d. Sarajevo, covering an area of 368 square meters, located in Gradac, Croatia, Patria reports.

The Agency will sell the property through direct negotiation, and its price has been determined at market value based on expert appraisal by construction experts, amounting to 1,029,477.07 BAM.

The selling price cannot be lower than 80 percent of the estimated value determined by the expert. Taxes and costs arising from the concluded purchase agreement shall be borne entirely by the buyer. After bidders submit their final offers, the Government of FBiH will give consent to the purchase price.

The purchase agreement, on behalf of the Government of FBiH and the owner, will be signed with the buyer by the director of the APF. The funds from the sale of this property will be paid into a special account of the Agency, and their distribution will be decided by the Government of FBiH in accordance with the Regulation on the use of collected funds from the passive sub-balance of companies and banks.

Incidentally, no applications were received in response to the APF's public call for the sale of the property in Gradac through auction, the Government stated, as reported by Patria.