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A2A on its way out of Montenegro

Government of Montenegro agreed to buy approximately 13% of shares of EPCG held by Italian based A2A for a sum of €68.9 million. This transaction will increase the Montenegrin share in EPCG to just over 70%. A2A managed EPCG since 2009 when it bought around 43% of its shares for €430 million. For the past couple of years, EPCG has had stable finances and currently holds €52 million of unallocated earnings. During the last 7 years, the company reportedly invested €180 million..

Source: Poslovni dnevnik

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