Elektroprivreda Became Majority Shareholder in Coal Mine Pljevlja

By , 17 Jun 2018, 07:09 AM Business
Elektroprivreda Became Majority Shareholder in Coal Mine Pljevlja Rudnik Uglja Pljevlja

June 17th, 2018 - Elektroprivreda Crne Gore is the majority owner of the Coal Mine Pljevlja, as the Capital Market Commission brought its decision after the Chamber of the Commercial Court reversed a provisional measure on the prohibition of the sale of shares of Pljevlja company.

They have obligated the Central Depository Agency to pay all shareholders who have accepted the bid of EPCG within three business days of the receipt of the decision. The new owner of the mine is obliged to announce a new public offer within 15 days to pay the remaining owners of the mine at the same price as this takeover, ie EUR 6.4 per share.

EPCG has deposited 30m euros for this transaction with the CDA in mid-April when the Commission passed a decision on the approval of a voluntary public offer to take over the Coal Mine. By the beginning of May, all interested sellers submitted their offer.

 Source: bankar.me

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