PODGORICA (Montenegro), November 9 (SeeNews) – Montenegro said it will invite Lithuanian-Latvian consortium Multi Capital Marina to begin talks on the sale of 54.35% of the company operating the marina in the Adriatic port town of Bar.
The consortium comprising Latvian bank Latvijas Karjbanka and Lithuanian firm SIA Multikapitals was invited to the negotiating table after it was ranked first in the tender, the Montenegrin Privatisation Council was quoted as saying on the government's website.
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The website provided no further details.
Last month, Serbian broadcaster B92 reported the consortium had offered to pay 2.2 million euro ($3.3 million) for the majority stake, pledging to invest a further 12.2 million euro in Marina Bar. It had also proposed to pay a fixed annual concession fee of 122,000 euro and a floating fee of 5.2 euro per square metre.
The tender commission had ranked a Russian consortium led by Expert Marine in second place while Podgorica-based company Bemaks placed third, B92 said.
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 and promenade boulevard and to a ferry terminal.