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Dec 21, 2009 16:06 EEST
PODGORICA (Montenegro), December 21 (SeeNews) – Montenegro said it has raised to 87.64% from 85.45% the stake in rail transport company Montecargo it offered for sale in October.
The increased stake corresponds to 2,927,137 shares in Montecargo, the Transport Ministry said in a statement on Friday.
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It did not elaborate why it had increased the stake for sale but added Montecargo’s registered capital currently totals 17.46 million euro ($25 million) distributed into 3,340,114 shares with nominal value of 5.2284 euro each.
In the initial tender invitation the company's registered capital was put at 16.32 million euro divided into 3,340,114 stocks with a par value of 4.8861 euro each.
The Transport Ministry also said the deadline for the filing of bids remains February 1, 2010.
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