PODGORICA (Montenegro), October 21 (SeeNews) – Montenegro on Wednesday opened a tender for selling 54% of the company operating the container and general cargo shipments in its biggest Adriatic port of Bar and for awarding a 30-year concession.
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.
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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)