Montenegro Opens Tender for 85.45% of Rail Transport Co Montecargo

The state is offering for sale 2,853,947 Montecargo shares, the Council said in a public invitation. The remainder is in the hands of smaller shareholders.

Interested investors should file their offers by February 1, 2010, the statement said.

Bidders should submit an original bid bond, or the evidence of a deposit payment of 100,000 euro ($149,347). They should have transported not less than 5.0 million tonnes of goods by rail in each of the past three years, or have at least 25 million euro of rail transportation income in the last revised fiscal year, the statement said.

Montecargo’s registered capital is 16.32 million euro divided into 3,340,114 stocks with a par value of 4.8861 euro each.

($=0.6696 euro)