PODGORICA (Montenegro), February 22 (SeeNews) – Montenegro's government said it has included three members of the blue-chip index MNSE10 of Podgorica bourse in its list of majoirity state-owned companies slated for privatisation in 2017.
The government plans to divest its stakes in hotel operators Budvanska riviera [MNG:BUDR] and Ulcinjska riviera [MNG:ULRI] through the sale of shares and to privatise port operator Luka Bar [BEL:LUBA] via a public tender, it said in a statement on Tuesday.
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The privatisation of Ulcinjska riviera can also be carried out through capital restructuring, while talks for the sale of the state-owned stake of 30% in Luka Bar has already started, the government added.
Other companies on the government's privatisation list are marina operator Marina Bar, workwear maker Castello Montenegro, healthcare and spa centre Simo Milosevic and Institut za crnu metalurgiju Nikšić (The Ferrous Metallurgy Institute).
Earlier this month, Montenegrin media reported that investors from the UAE, China, Norway and Israel have already shown interest in the planned sale of Simo Milosevic.
The chairman of the Montenegrin privatisation agency, Branko Vujovic, said last week the talks with Polish company OT Logistics on the sale of port operator Luka Bar have already started. OT Logistics was the only bidder in the tender for the purchase of the government's shareholding interest carried out in December.