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Italians satisfied with A2A staying in EPCG

 

It took almost a year for Montenegrin government and the A2A to agree to continue cooperation, which caused various speculations and doubts, which were refuted with signing of the new contract.

 

“The new five-year agreement between A2A and the Government of Montenegro is definitely a positive thing. A2A will receive dividends from EPCG, and have an Put option of 250 million euros, which is 330 million less than previously estimated”, economy analysts from the renowned investment-banking firm “Equita” stated for the Italian media.

 

The same opinion is shared by analysts from one of the leading financial institutions in Italy, the investment bank “Banca IMI”.

 

“The extension of the agreement will certainly be appreciated because it is a way for A2A to better negotiate its partnership”, sad Banca IMI analysts, adding that the new agreement gives A2A a stronger decision-making power and increased profits, in line with the business plan.

 

Another opinion was given by economic analysts pf Bank Akros, who saluted continued cooperation between the Government of Montenegro and A2A, but also stressed that “Put option” should be activated only after exhausting all other possible options for agreement.

 

“It should be reiterated that A2A shares in EPCG were paid 460 million euros in 2009, when they first signed the agreement. In our opinion, the Put option that has recently been defined, should be the last salvation in the event that no agreement is reached with representatives of the Government of Montenegro”, said the analysts of the aforementioned bank, report Italian media.

 

The Government of Montenegro and the Italian company A2A should, by the end of the year, enter into a new shareholders’ agreement regarding further management in EPCG, announced previously the Prime Minister of Montenegro, Milo Djukanovic.

 

A2A owns 41.7 percent, while the Government has a 57 percent stake in EPCG.

 

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