New invitation for selection of adviser for sale of companies "Montenegro Airlines" and "Barske plovidbe"

Montenegrin Privatization Council has announced again the tender for selection of the adviser for privatization of "Montenegro Airlines" (MA) and "Barske plovidbe".

All the interested can submit their bids prior to January 15th. The companies and citizens from the country and abroad, as well as consortiums, with the proved consulting experience in realization and management of privatizations in air traffic industry and elaboration of relevant domestic and international legal expert opinions can participate and bid on the tender.

The bid should contain the information of the profile of the company or consortium, the names and CVs of the suggested team members, the details of experience and similar engagements, as well as financial terms. These terms should be presented in the form of the fee for successful closing of the transaction, in maximum amount of 500,000 EUR for both companies.

The criteria on the basis of which the adviser will be selected are relative experience in similar privatizations and structure and references of the suggested team (maximum 30 points for each of the criteria), while maximum of 20 points can be given for the financial terms of the bid and its relevancy, clarity and comprehensiveness.

The financial terms of the bid are limited to the amount of the fee for successful closing of the transaction. In case the tender is declared as unsuccessful, the adviser will have the right to collect the fee of 10,000 EUR.