Podgorica – Podgorica company Vektra, the ownership of Dragan Brkovic, has given the most persuasive financial offer for the purchase of 59% of the stocks of the Hotel-tourist enterprise “Boka” on an open competition which was closed in the middle of the last week.
Vektra has offered 22 million of euros in cash and 64 millions for investments. Hungarian Hunguest hotels is ready to give for the state package of shares 18, 1 million of euros, and to invest 50 millions. Russian Nobel oil has offered 12 millions and 73, 8 millions for investments.
Should the offers be formally and legally correct, Vektra is the closest to the purchase of “Boka”, because it has given the biggest financial offer when you add the price and the investments which carry most of the points.
Vektra compared to the previous open competition has given a twice as better offer, while the Hungarians have improved it for 80%. Russian Nobel oil did not take part in that open competition, on which two companies, which are hard to trace, took part in – Meat Investments from Amsterdam, and Summit from Virgin Islands. Meat Investment at that point offered 15 millions of euros for 59% of the stocks. HTE “Boka”, which has already been offered for sale two times in its ownership has hotels “Plaza”, “Igalo”, and “Tamarais”, several restaurants, motels, cafés, and business spaces.
From Open competition commission for tourism they have announced that in a given period they will analyze all offers, establish their formal regularity, and if they are correct, they will value them from the aspect of quality in accordance with the established criteria after which they will make a rank list and submit it to the Counsel for privatization for adopting.
Should the offers not satisfy the open competition conditions, Commission can reject them in any phase, in accordance with the Regulation about the sale of stocks and property through public tender.
According to the conditions of the open competition, the offers of companies which are owners of at least 5 hotels of category 4 or 5 stars in at least three states, or which can prove that in the last three years they have had a positive financial result and had the turnover of at least 100 millions of euros can compete. If a consortium submits the offers, at least two its members who together have 51% of the stocks, have to fulfill one of these two criteria.
1,2 EUROS PER STOCK
The stocks of HTE “Boka” at the moment on Montenegrin markets cost about 8 euros. According to that price the total value of the company is more than 200 millions of euros.
The best offer which came on the open competition, of 22 millions for 59% of the ownership, is 1, 4 euros per stock.
Hungarian chain of hotels Hunguest with partners owns about 35% of the stocks of “Boka” which means that it will be interesting to see the further development of the situation in the company if Vektra becomes the major owner.