The Board of Directors of Montengroberza at today's meeting made a decision to hold an auction for the sale of a package of own shares of Elektroprivreda (EPCG) using the 1:N method (sale of shares to a larger number of buyers), and the auction is scheduled for September 23.
EPCG is selling 10 percent of its shares, i.e. a total of 11.813.238 shares.
As announced by Montengroberza, the initial price per share is 4,49 euros.
Two days ago, the government gave consent to EPCG to sell 10 percent of its shares on the stock exchange, and the executive power - if it wants to - can participate in that purchase.
The sale of shares is the basis for the energy company to buy Nikšić's Željezara, and since the sale failed on two public invitations, the EPCG Board made a decision to do it on the Montenegro Stock Exchange and sought the Government's consent for that.
Selling shares is a legal obligation of EPCG.
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