Company for electrical production in Montenegro (EPCG) became part of the share capital of coal mine in Pljevlja (RUP) and according to the president of Board of Directors of the company, Đoko Krivokapić, it’s completely reasonable and justifiable step which will stimulate integration of the thermal – energycomplex and reach synergy and amelioration of the work in the mine.
He said that EPCG took the shares of the coal mine on the basis of several serious and very comprehensive analyses:
He stated that the idea of integration Montenegrin thermal – energy complex complex started at the end of the last century, but it wasn’t put into effect back then.
„I think it’s high time we focused ourselves on increasing the level of vertical integration of these two segments of production since all coal mines in the region operate as parts of thermal power plants“, said Krivokapić.
The aim is to provide further stability and continuous supply of coal of the thermal power plant in Pljevlja. In the financial sense this will save money since the expenses will be reduced.
Value of the shares of the coal mine is 6,4 EUR whereas their investment value is 6,9 EUR per share.
„Coal mine in Pljevlja isn’t what it used to be in the past. It reflects business stability and consistency“, said Krivokapić.
„Taking into consideration all the relevant facts, our consultant determined the fair value of the sahres which guarantees to its shareholders favorable conditions for selling their share“, added Krivokapić.
Every shareholder was given material which is a proof that a very detailed assessment has been conducted and t it turns out that this step was completely reasonable.
