Montenegro Offers for Sale 54% of Port of Bar Container/General Cargo Operator

The government’s Privatisation Council said in a public invitation the offered stake in Container Terminal and General Cargo Bar is owned by the state and is divided into 30,683,933 shares. The remainder is with minority shareholders.

Interested investors can file bids until February 1, 2010, the statement said. They should also pay a 200,000 euro ($298,694) deposit to take part in the tender.

In September, the operator of the Bar port spun off its containerised and general cargo terminal as part of a corporate restructuring programme.

Container Terminal and General Cargo Bar’s registered capital is 65.2 million euro divided into 56,766,736 stocks with a par value of 1.1485 euro each.

($=0.6671 euro)