PODGORICA (Montenegro), October 19 (SeeNews) – Montenegro's privatisation agency launched a tender on Wednesday for the sale of a 30% state-owned stake in local port operator Luka Bar with a face value of 20.4 million euro ($22.4 million).
A total of 17,030,021 state shares in Luka Bar, with a nominal value of 1.2113 euro each, are up for sale, the privatisation agency said in a notice published on its website.
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The deadline for the submission of bids is December 1.
The face value of Luka Bar's total registered capital is 70.3 million euro.
In December last year, Montenegro's privatisation council said it has adopted a draft privatisation plan for 2016 which sees the sale of stakes in several large companies including Luka Bar.
A few days later, Belgrade-based media reported that landlocked Serbia is looking for a partner to purchase shares in the Montenegrin port operator.
The majority owner of Luka Bar is the Montenegrin government with a stake of 54.05%.
($=0.909315 euro)