Today, the state bought shares of the minority shareholders of Railway Transport (ŽPCG) and Railway Rolling Stock Maintenance (OŽVS) on the Montenegro Stock Exchange for almost 1,4 million euros.
As the Mina-business agency learns, a total of 368,39 thousand ŽPCG shares were sold at an average price of 1,69 euros, which is an increase compared to the last reference price of 347,37 percent.
DON'T MISS IT
A total of 366,6 OŽVS shares were sold at an average price of EUR 2,09, which is an increase of 44,76 percent compared to the last reference price.
A total of 140 transactions were completed, of which 71 related to ŽPCG and 69 to OŽVS.
Supply was higher than demand, so there are more sell orders in the exchange's trading system for both companies.
The government previously adopted the Information on its intention to buy back part of the shares owned by the minority shareholders of ŽPCG and OŽVS.
The government has given its consent to purchase a maximum of 368,39 thousand shares of ŽPCG at a maximum price of 1,7 euros per share and a maximum of 366,6 thousand shares of OŽVS at a maximum price of 2,1 euros per share on the Montenegro Stock Exchange.
This will enable the state, with already existing shares, to increase the share capital in ŽPCG to over 98 percent, and in OŽVS to over 96 percent.
Bonus video:
