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Govt should sell the Coal Mine to EPCG

Sjednica savjeta

The Privatization and Capital Projects Council recommended to the Government that it accepts the public offer of Elektroprivreda Crne Gore (EPCG) to take 31,1117% of the capital of the Coal Mine in Pljevlja (RUP) which is now state-owned.

The deadline for accepting the bid is 15 days from the day of publication, that is, until May 4th 2018, at 16:00.

“EPCG is the largest buyer of coal produced in RUP with a share that does not fall below 90 percent, so vertical integration of the production process is the optimal solution”, the PCP Council said.

An independent appraiser, Deloitte d.o.o. Belgrade, estimated that the fair value of the share amounted to EUR 6.40 on December 31, 2017. The investment value of the action, based on potential business savings in operations, according to the the appraiser’s report, was 6.90 euros on the same day.

The share price for the takeover procedure is EUR 6.40 per share.

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