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Dec 30, 2009 16:19 EEST
PODGORICA (Montenegro), December 30 (SeeNews) – Montenegro has sold 54.35% of the company operating the marina in its Adriatic port town of Bar to Lithuanian-Latvian consortium Multi Capital Marina for 2.2 million euro ($3.2 million), Montenegrin broadcaster RTCG reported.
Under the deal signed on Tuesday, the consortium comprising Latvian bank Latvijas Karjbanka and Lithuanian firm SIA Multikapitals was also granted a 30-year concession on the marina, RTCG reported late on Tuesday.
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The buyer pledged to invest 12.2 million euro in the marina over a five-year period.
RTCG quoted Transport Minister Andrija Lompar as saying the consortium will have to pay the price of 2.2 million euro in seven days.
In November, Montenegro ranked the Lithuanian-Latvian tie-in first in the tender for the majority stake in Marina Bar. Second came a Russian consortium led by Expert Marine, while Podgorica-based company Bemaks was ranked third.
The marina covers an area of 55,000 square metres on land and an aquatic area of 100,000 square metres. It is adjacent to the town beach, a promenade and a ferry boat terminal.
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