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Montenegrin bourse to auction 672,514 Luka Bar shares on March 19

Montenegrin bourse to auction 672,514 Luka Bar shares on March 19 Stock (Author: Fondul Proprietatea) License: all rights reserved.

PODGORICA (Montenegro), March 13 (SeeNews) – The Montenegro Stock Exchange said on Tuesday it will offer at an auction on March 19 a total of 672,514 shares of port operator Luka Bar [MNG:LUBA] at the request of brokerage Bull and Bear BDIS AD Podgorica.

The starting price of the shares in the auction is set at 0.4 euro apiece, the Montenegro Stock Exchange said in a statement without disclosing the name of the seller or sellers.

Luka Bar's capital is divided into 56,766,736 shares. The company's biggest shareholders are the Montenegrin state (54%), EK - Zbirni kastodi racun 1 (2.634%) and CK - Zbirni kastodi racun 1 (2.288%).

On March 19, the stock exchange will also offer 57,387 shares of Crnogorski Telekom [MNG:TECG] at a starting price of 3 euro apiece, 151 shares in Societe Generale Montenegro AD Podgorica [MNG:POBA] at 700 euro and 2,713,174 shares of Zeljeznicka infrastruktura Crne Gore [MNG:ZICG] at 0.141 euro.

($ = 0.808569 euro)

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