Sekulić: The government is considering the possibility of faster redemption of A2A shares, which would mean their faster exit from EPCG

The government plans to hire a financial institution in the coming period, with the help and financial instruments to ensure the exit of the Italian company A2A from Elektroprivreda (EPCG) in a faster way, announced the Minister of Economy, Dragica Sekulić. "The government is currently considering the possibilities of a faster redemption of A2A shares, which would mean their faster exit from EPCG. The plan is to engage a financial institution with the help and financial instruments of which we could return EPCG shares in a faster way, without having to wait seven years. ", Sekulić said in response to a question from Democratic Front MP Nebojša Medojević. Medojević asked Sekulić, among other things, how the government intends to buy back A2A shares in EPCG. Sekulić reminded that the A2A company activated a put option in July, which implies the return of its shares in EPCG to the state of Montenegro. The option path defines the state's obligation to take over 41,7 percent of A2A's shares by paying 250 million euros in seven equal annual installments. "The government does not question compliance with the contract, and the Ministry of Economy has been considering more for some time possible exit options for A2A, including the takeover of all its shares already during the next year, using various financial instruments that will not affect the public debt," said Sekulić. She said that the communication so far with interested financial institutions indicates that there are serious possibilities for this. According to Sekulić, the Ministry of Economy will use the remaining period until May 1, when the first tranche of the put option is due for payment, to analyze the available options and talk with interested potential partners, in order to propose an optimal solution to the authorities in good time.