Montenegro, EPCG offered for sale 10 percent of the capital

, SEE Energy News

Elektroprivreda Crne Gore (EPCG) announced an offer for the sale of a 10 percent stake in its capital in a block trade on the stock exchange.

The company plans to sell 11,813,238 of its own shares at a minimum price of 8.63 euros per share, it was announced on the EPCG website, portal indicator reports.

Power companies with an installed capacity of at least 1,000 MW or a share capital of at least 500,000 euros, and investment funds listed on the stock exchange, which have achieved a positive financial result in the last three years and have a share capital of at least one billion euros and investments can participate in the procedure. into the energy sector of at least 100 million euros in the last five years, EPCG announced.

The deadline for submitting offers is August 1.

The Government of Montenegro owns 88.7 percent of EPCG’s capital, the company has 10 percent of its own capital, and the rest is controlled by smaller shareholders, reports Euronews.