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Greek, Italian firms in competing bids for Montenegro power company
Podgorica Published in Saudi Press Agency on 24 - 07 - 2009


Greek Golden Energy Public Power Corporation
offered 11.10 euros (15.7 dollars) per share for an 18.3 per cent
stake in Montenegro's power company EPCG, while Italian A2A offered
8.4 euros per share, local media reported Friday, according to dpa.
Montenegro's tender company will in the coming days announce the
winner.
The two companies have remained in the race after Norwegian and
Russian companies failed to meet the criteria.
The government owns around 70 per cent stake in EPCG and is ready
to sell 22.8 million of its shares in the company.

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