Minority shareholders will not support the new lease agreement: The state to take Solana and compensate us

The minority shareholders of the "Bajo Sekulić" Saltworks will not support the new land lease agreement between the bankruptcy administration and the National Parks of the oldest company in Ulcinj.

"The bankruptcy trustee must first publish a public announcement about the sale of the Solana land and start protecting the interests of the shareholders," said the president of the minority shareholders, Vladan Gačević.

As announced by the Ministry of Ecology, Spatial Planning and Urbanism, at the meeting held on Wednesday, it was agreed that the National Parks should extend the lease until at least February 1. The meeting was convened by the State Secretary of the Ministry, Danilo Mrdak, at the initiative of the bankruptcy administrator of Solana, Žarko Ostojić.

Minority shareholders warned of the harmfulness of such an arrangement.

"A few months ago, the state made an illegal decision to return the land to its ownership that it had previously sold to us shareholders through privatization. Considering this circumstance, the state should finish the process to the end and register as the owner of the land as soon as possible, that is, formally end the expropriation. We shareholders, together with our legal team, will cross arguments with the state's legal team in court and try to realize our rights through the court process that has already been initiated by the bankruptcy administration," Gačević wrote in his response. It is emphasized that the land is still under the control of the bankruptcy administration and that issuing it without a public tender represents damage to the bankruptcy estate and a criminal offense.

"We invite all Solana shareholders, direct or indirect, to start taking an interest in the bankruptcy administration about this and other arrangements. It was the long-term issuance of NP at a miserable price that delayed the resolution of the problem because the state used what it had sold, so there was no rush to make any decision, not even like the one recently made," Gačević said.

He assessed that it is not done according to order and law, but according to the wishes of individuals.

"This causes damage both to us shareholders and to the state, which will ultimately pay a large compensation amounting to 200 million euros. In addition to the payment of compensation, there is also the question of what kind of message the state is sending to investors", stated Gačević's response. WITH

Would Germany sell and return property like that?

In the letter, Gačević asked the German ambassador to Montenegro, Dr. Robert Weber, and the European deputy and co-chairman of the Greens of Europe, Thomas Weiss, whether in Europe, or specifically in Germany, there could be a case where the state sells shares to investors with property cover and that within a few years makes a decision that the land does not belong to those investors - shareholders, but to the state.

"We also want them to answer us whether Europe and Germany will support Montenegro in the same way when compensation is paid if it is proven that our claims are true," said Gačević.