Montenegro’s Privatization Council confirmed yesterday that Italy’s A2A won the tender competition to take a minority stake in power monopoly Elektroprivreda Crne Gore (EPCG).
The Italian company will acquire 11,457,357 shares, or 18.3 percent in EPCG, at 8.40 euros per share.
A2A’s bid beat an offer of 11.10 euros per share from Greece’s Public Power Corporation, which the government found “incompatible” with the rules of the tender.
(KATHIMERINI, 08/05/2009)