Elektromreza Srbije Buys Another 5% of Shares of Montenegrin Power Distribution System

Elektromreza Srbije (EMS) today bought another 5% shares of the Montenegrin Power Distribution System (Crnogorski elektroprenosni sitem), Tanjug learns.

EMS bought an additional 5% of the shares of the Montenegrin Power Distribution System at the stock exchange and they now own a total of 15% of the company.

According to Blic’s findings, EMS set aside close to EUR 7 million for this purchase.

EMS is 100% owned by the Republic of Serbia.

In 2015, EMS bought slightly over 10% of the shares of Elektroprenos Crne Gore, worth EUR 13.9 million, at the stock exchange.

EMS ad Beograd

Elektromreža Srbije

purchase of shares

Crnogorski elektroprenosni sistem

Elektroprenos Crne Gore

Montenegrin Power Distribution System