Nothing is "Solan's" on Solana anymore.

The government initiated the procedure for the registration of the "Bajo Sekulić" Saltworks as state property and administrative area based on the corrected opinion of the Council for Privatization and Capital Projects from October 14 that no market fee was paid for the entire property of the former salt factory, "Vijesti" reported.

The administrative area includes the land under the buildings, the buildings themselves and other real estate.

This was unofficially confirmed to "Vijesti" by a source from the Government who said that it was a technical correction, but also minority shareholders who claim that the new decision is "criminal".

By the end of working hours on Friday, there were no answers from the Privatization Council to the questions of "Vijesti" whether that Government body corrected the decision on Saltworks regarding the status of the land under the buildings and, if so, on whose proposal a new opinion was presented. The questions were whether the new opinion was up to the Government, whether Prime Minister Zdravko Krivokapić had already sent a letter to the cadastre to register the land with the state, and how much a possible court dispute with the shareholders might cost.

In the original opinion, the Council stated that according to the books of Solana, the financial value of the immovable property at the time of privatization was 2,14 million euros.

"That amount exclusively corresponds to the value of buildings and land in the administrative area of ​​Solana. At the same time, the land outside the administrative area, registered in LN 182, did not represent the social capital of the RO/DP Solana "Bajo Sekulić" and does not represent its private capital either," the initial opinion of July 21 reads.

In the corrected opinion of the Council, it is claimed that in the process of privatization of Solana "Bajo Sekulić" no market fee was paid for real estate from LN 182 KO Ulcinjsko polje.

"The financial resources collected from the sale of Solana shares during the mass voucher privatization and through subsequent issues and sales on the market do not provide a basis for the market value in question, which also includes the land from LN 182 KO Ulcinjsko Polje", it is written in the explanation of the corrected document.

It is stated that in the previous opinion of the Privatization Council, data from certain public documents, specifically from LN 182 KO Ulcinjsko polje, were misinterpreted.

"In the way that it is explained that the state is registered as the holder of property rights 1/1, which is not in accordance with the situation recorded in the B and V list, i.e. the real estate list, as all other relevant data of importance for decision-making according to the applicant's request", the explanation reads.

The president of the minority shareholders, Vladan Gačević, assessed that the Council showed frivolity with the new opinion.

"The new, "corrected" opinion is catastrophic, worse than the previous one for all creditors (where the largest share is made up of workers) and for shareholders who honestly and transparently bought company shares on the stock exchange," Gačević told "Vijesta".

He pointed out that the new document shows that now, even for immovable properties, and therefore also for the land under them, which are registered in LN 182 KO Ulcinjsko polje, no market fee has been paid.

"It means that it was never Solana's but the state's. Is this the way in which the Council and the Government steal private property, the way in which we should animate investors? Imagine that somewhere in Western Europe or America, you offer shares to investors for purchase, they do it from loans, their personal savings and do it all publicly and transparently on the stock market, and then the state "with hindsight", with a criminal decision, says that they were hollow actions and no coverage in the company's assets", pointed out Gačević.

He said that the minority shareholders are consulting with the legal team and that they are considering filing criminal charges against the members of the Commission and the Council, who prepared the decision unprofessionally. Gačević says that they are sure that, if there is a court case, they will collect compensation of several hundred million euros, thanks to the populist moves implemented by the Government.

"The consequence of such a decision is the possible damage that would result from the blocking and non-implementation of investments during the duration of the eventual court dispute," Gačević assessed.

He once again appealed to the competent authorities to get serious and start solving the problem because, as he stated, Solana has 4.000 direct and 25.000 indirect shareholders who own Solana through investment funds, and who are mostly domestic individuals and companies. He also assessed that with the new decision the Government disenfranchised the workers and demoted them as shareholders, who owned 11 percent of the company's shares.