The businessman from Podgorica bought shares of the company from Tivat at the
price of 25 euros per share, and by the end of the day its price reached 60 euros.
Podgorica – After it was announcd that there was going to be a public competition for the sale of the wellknown farm Montepranzo from Tivat, owning more than 1 million square metres of land, players at the stock exchange reacted quickly.
The Vijesti found out that the businessman from Podgorica Veselin Barovic bought almost 15% of Montepranzo shares in a package deal for the amount of 413.000 euros. The shares were paid for the price of 25 euros a share in the early morning hours, and by the end of the day the demand for these shares rose their price to 60 euros a share.
The nominal value of Montepranzo is 2,5 million euros or 22,4 euros a share, but even the laymen can realize that the value of the company was underestimated.
The company has more than 1 million square metres of land which the future buyer would have to use for constucting of golf courses and hotels.
The tender comission for tourism was considering the idea of selling
Montepranzo yesterday. As it was said to Vijesti, documentation is being prepared and it is expected that the public competition is opened by the middle of april.
The Government of Montenegro claims that there is great interest of foreign investors for the purchase of Montepranzo, including Peter Munc, Russians, Dutch and Irishmen.
The majority shareholders of the company at the moment are the Fund for Development, Fund for Pensioners and Insurance and Employment Agency of Montenegro which have about 75% of shares at their disposal.