Montenegro has terminated negociations for the sale of a 30% state-owned stake in port operator Luka Bar to Polish company OT Logistics as the selected privatisation model is not in the best interests of the seller, transport minister Osman Nurkovic announced. In this way, the talks for the sale of a 51% interest in state-owned rail cargo operator Montecargo have also been terminated, because the government aimed to sell both stakes in a single package, Nurkovic added.
OT Logistics placed the sole bid in a tender for the sale of a 30% state-owned stake in port operator Luka Bar. The Polish company proposed to pay EUR 7.1 million for the stake and invest EUR 17.1 million over three years. OT Logistics also placed the sole binding bid of EUR 2.5 million in a tender for the sale of 51% of Montecargo.
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