Montenegro to hold auction for partial sale of Budvanska Rivijera end-Nov

Bids should be submitted by November 23, the privatisation council said in a public call issued last week.

The Montenegrin government and state funds control a combined stake of 58.7% in Budvanska Rivijera (www.hgbudvanskarivijera.com). The remainder is in the hands of small shareholders.

($=0.7878 euro)