Electric Power Company of Montenegro bought yesterday more than €52,86 million of its shares from the Italian company A2A.
Transaction was published at the Montenegrin Stock Exchange and it included the purchase of 11.813.238 shares at the price of €4,475. The first tranche is part of the call option which envisages A2A’s abandonment of state ownership.
Termination of partnership with A2A was initiated in 1 July 2017. The call option envisages that A2A should be paid in 4 installments and that all its shares in the EPCG should be bought at price of €230,6 million.
The first installment (€68,9 million) was paid by the state in May 2018. Montenegro purchased the second package of shares in April this year (€39.923.744).
