[MK] The only bid on the privatisation of Montecargo includes Vectron locomotives
Montenegro wants to privatize its railfreight company 'Montecargo' and it has now made public that OT Logistics from Poland is the only bidder. Montenegro has published a public tender for privatisation through the sale of 51% of the shares of Montecargo, with the possibility to subscribe new shares through capital increase and the right to purchase the remaining shares owned by the State of Montenegro and state institutions in accordance with the tender terms. According to binding offer, the total price offered by OT Logistics for 51% of shares amounts to 2,500,000 EUR.
OT Logistics has also offered the implementation of an investment program, which includes the purchase of two multi-system locomotives Siemens Vectron, locomotives and related IT solutions, in total amount of 2,55 million euro.
Business Plan envisages a significant strengthening of the company's position in the sector of international transport and logistics by achieving the leading position in the Baltic - Adriatic corridor by increasing its market share up to 50% on the market of reloading agricultural cargo in sea ports as well as by doubling freight of Montecargo.
The bidder has made the commitment to comply with the General, Branch and the Collective Agreement for a period of at least 3 years.
The company OT Logistics was also the only bidder on the tender for sale of 30% shares of "Luka Bar" AD Bar.
In cooperation with the elected Adviser and in accordance with the defined procedure, the Commission will assess the legal validity, bidder’s eligibility and the fulfillment of required conditions set forth in the public invitation and tender rules.
Source: Government of Montenegro