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Montenegro
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Fortenova sells agri unit to Podravka for 333 mln euro
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Fortis Energy buys 180 MW solar project in Serbia
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Montenegro boosts stake in power utility EPCG

Sep 23, 2022, 4:01:33 PMArticle by Senad Dedeic
share
September 23 (SeeNews) - The Montenegrin state boosted to 91.4% from 88.65% its stake in power utility Elektroprivreda Crne Gore AD Niksic (EPCG) [MNG:EPCG] in a 15 million euro ($14.62 million) transaction on the stock exchange on Friday, the bourse said.

Montenegro boosts stake in power utility EPCG
Source: EPCG

The government bought 3,340,757 EPCG shares out of a package of 11,813,238 shares on offer at 4.49 euro each, the Montenegro Stock Exchange said in a statement.

The remaining shares attracted no buyers.

EPCG's capital is composed of 118,132,402 shares with a nominal price of 6.52 euro apiece. The company is listed on the free market segment of the Montenegro Stock Exchange.

($ = 1.02587 euro)

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