Please note: The page below represents the archived content relating to the previous Government of Montenegro. Some of the information might be inaccurate or outdated.
Archive

Montenegro increases its stake in Port of Bar

Published on: Dec 12, 2022 • 1:00 PM Author: ministry of finance

The state increased its stake in the capital of the Port of Bar by buying a total of 10,459,654 shares (18.42%) at 0.9 euro apiece.

This decision has been taken to provide a level of ownership that would enable the state to make strategic decisions.

The intention of the Government is to fully valorize the company's potential in order to become an essential hub of the logistics system in the region of Southeast Europe, considering that it represents one of the most profitable companies of this profile and a leader in setting new standards of quality, professionalism, reliability and competitiveness in the field of port services.

The purchase of these shares represents an investment of vital national interest.

Related articles:

Plan for inventory and disposal of confiscated cigarettes adopted Apr 1, 2024
EU and UK support: Confiscated cigarettes to be destroyed by summer Mar 16, 2024
Abazović: Seized cigarettes are worth tens of millions of euros May 14, 2022
Abazović congratulates Serbia on Statehood Day Feb 15, 2022
Is this page useful?