Montenegro Seeks Advisor in Tenders for Flag Air Carrier, Sea Transport Co

The advisor will prepare a preliminary market analysis, make initial contacts with investors and a due diligence, draft tender documentation, analyse the received bids and take part in the negotiations, the government’s Privatisation Council said in a public invitation.

Interested companies from Montenegro and abroad can file their bids to advise the sale of the two companies until November 28. The financial offer will weigh more than 50% in the  evaluation of the bids. A successful bidder should be experienced in advising sale of state-owned assets.

The government in Podgorica plans to privatise Montenegro Airlines through a new stock issue and sell a majority stake of Barska Plovidba's share capital, the statement said.