EPCG takes over Pljevlja Coal Mine

Foto: TVCG

The Shareholders Assembly of the Electric Power Company of Montenegro (EPCG) adopted the decision to initiate the procedure of voluntary public proposal to take over the Pljevlja Coal Mine, reports TVCG.

At today’s meeting, EPCG shareholders adopted the report prepared by the Deloitte consulting agency on the assessment of the fair and investment value of the coal mining company’s shares and report related to the analysis of possible models for the takeover of the Coal Mine.

The report estimates the market value of the shares at €6.4 per share.

“Analysis of the renowned Deloitte agency confirmed that EPCG’s position in the ownership structure of the Coal Mine is the most efficient and most optimal method of voluntary takeover bid,” the EPCG said.

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