Montenegro’s privatisation agency said it successfully completed talks on the sale of a 30% stake in port operator Luka Bar and 51% in rail cargo operator Montecargo to Polish company OT Logistics.
The sale price of the 51% stake in Montecargo remained unchanged at EUR 2.5 million but OT Logistics agreed to increase its investments in the company in the next three years to EUR 3.45 million from EUR 2.55 million offered initally. Moreover, OT Logistics plans to lease two locomotives with a total value of EUR 7 million.
OT Logistics also committed to increase the minimum monthly wage of employees of Luka Bar and Montecargo to EUR 140 and EUR 150, respectively, from EUR 90, in the next three years.
In January, OT Logistics placed the single binding bid in the tender for the sale of a 51% stake in Montecargo.
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