Offer of Societe Generale bank for stocks in Podgorička banka

French bank Societe generale has offered €14.2m for about 64% of State-owned stocks in Podgorička banka.

The only offer that was opened announced investments of €40m. The Government offered its 59.8% of stocks and 4.4% of stocks owned by Pension and Disability Insurance Fund for sale on the tender. International Finance Corporation (IFC), the owner of 10% of stocks of Podgorička banka, will have right to sell its share of stocks to the buyer of State-owned stocks under the same terms.

Montenegrin companies with majority State ownership, the owners of about 9% of stocks POdgorička banka, will also be invited to offer their shares for sale. Plantaže and Tobacco Combine are among these companies.