A2A offered shares to the Montenegrin Government

#TheGovernment #ElektroprivredaCrneGore #CrneGore

jpeg

A2A has offered to the Montenegrin Government a “Put option” regarding Elektroprivreda (EPCG), which implies the departure of an Italian partner from that power company.

‘’A2A SpA (“A2A”) informs that today it served the Government of

Montenegro with the put option notice (“Put Option”) provided by the Shareholders’ Agreement dated 29.08.2016, as amended on 29.03.2017, related to the management of the company Elektroprivreda Crne Gore AD Niksic (“EPCG”). The Put Option is related to the sale of the whole

stake owned by A2A in EPCG for the price of 250 million Euro, payable in seven annual instalments as of May 1 2018.’’ it is writtenin the announcment of A2A.

The new shareholder agreement between Montenegro and A2A was signed at the end of August and was in force by the end of last year. In the beginning of March this year Parliament adopted the Annex of that agreement.

Source: Radio Television Montenegro