The company "Ellena group" from Herceg Novi, which at the beginning of April became the owner of 33 percent of the shares in "Vektra Boka", sent a request to the bankruptcy judge in "Vektra Montenego" (which owns 59 percent of the shares in "Vektra Boka") Dragan Vukčević and the bankruptcy trustee Radojica Hrbi for convening an extraordinary Assembly of shareholders of "Vektra Boka".
This is what the owner of "Ellana group" told "Vijesta" Danilo Matijašević.
The topics of the Extraordinary Assembly of Shareholders would be the appointment of a new board of directors in accordance with the changes in the ownership structure, as well as "consideration of the serious financial obligations of the company and the circumstances" due to the initiated procedure for the introduction of bankruptcy in "Vaktra Bok", which was requested by the Tax Administration due to unpaid obligations. Among the proposals for the agenda is a change in the name of the company.
"The plans of 'Ellena group' are to open Hotel Plaža in the next period, if the conditions are met this season as well, everything depends on the dynamics of negotiations and the formation of a new board of directors. April 29 is also approaching, when the hearing for the introduction of bankruptcy in "Vektra Boka" is scheduled in the Commercial Court. The situation is complex and requires a serious and thorough approach to all problems, primarily solving the issue of workers, linking seniority, taxes to the state and municipality, restitution, CKB bank, suppliers and others," said Matijašević.
"Vektra Boka" has been under the reorganization measures of the Commercial Court since February 2017. Her account has been continuously blocked since September 2019, and the current debt due to the block is 13,8 million euros. The total debt to the Tax Administration amounts to 4,8 million euros.
"Ellena group" bought 33 percent of the shares (8,7 million shares) on April 2 at a price of four cents, that is, it paid 350 thousand euros for the total package. Those shares were previously seized from the company "Vektra Investments" due to debt, and the off-exchange sale was organized through an auction.
Matijašević stated that they have sent requests and are waiting for requests for meetings with the Prime Minister, the Minister of Finance and the Director of the Tax Administration.
HTP "Boku" was privatized in December 2007 by the company "Vektra Montenegro" Dragan Brković, which as the first-ranked bidder received a state package of 59,4 percent of the shares for 22 million euros with the obligation to invest 50 million euros in the next three years.
Before that, Brković with his other company "Vektra investments" bought a share of 33 percent of the shares from Hungarian companies, which, after the purchase of the state package, gives him a total ownership of 92 percent. Brković changed the name of the company to "Vektra Boka".
After that, there were years of big problems for the company, a large part of the property was pledged for loans, while there were no planned investments. The owner justified himself by disputes with the municipality and the state due to urban plans. A large part of the property of "Boka" has been sold off or seized in the meantime.
Bankruptcy was introduced to the company for the first time in June 2015, at the request of Crnogorska kommercielja banka, but later the reorganization plan was replaced under the measures of the Commercial Court.
Since the introduction of the reorganization under the measures of the Commercial Court, there have been frequent protests by the company's employees who believe that the reorganization plan is not being respected and that the money from the sale of property does not go to them but is taken by the owners of the company for disputed loans, which is why they have submitted several reports to the prosecutor's office.
In January of this year, the Special State Prosecutor's Office filed an indictment against Dragan Brković and his sons Boris i Bojan Brković, as well as a member of the management Milić Popović, who are charged with prolonged criminal offenses of abuse of authority in the economy and abuse of authority in the economy by aiding and abetting and criminal offenses of money laundering and money laundering by aiding and abetting.
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