SARAJEVO, May 17 - London-listed miner Vedanta Resources has offered 640 million euros ($866 million) for a majority stake in aluminium smelter Aluminij Mostar and future investment, Bosnian daily Dnevni Avaz reported on Thursday.
Vedanta, whose offer includes the construction of a thermal-power plant and a mine, is among four firms shortlisted to buy an 88 percent stake in Aluminij.
All four could be invited to start due diligence next week.
The privatisation agency of Bosnia's Muslim-Croat federation has said Swiss-based commodities trader Glencore International AG [GLEN.UL] is the top bidder.
The daily reported that Glencore, a long-term partner of Aluminij Mostar that has invested about $20 million in its modernisation so far, offered 135 million euro for the stake. It was not clear how the bids were structured.
Greek metals, energy and engineering group Mytilineos offered 137 million euros, Dnevni Avaz said. It gave no details on the bid from the fourth company, Britain's En+ Group.
Officials at the privatisation agency refused to comment on the report, or on the bids, before a meeting on Friday.
The minimum price for the 88 percent stake, equally owned by the state and small shareholders, has been set at 76.8 million euros.
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