Deadline for Igalo Institute extended until May 8th

The Montenegrin Tender Committee for Privatization has extended the tender for sale of 56.48-percent stake in Simo Milosevic Institute in Igalo at a starting price of EUR 10 million until May 8th.

Tender Committee representatives explained in an amendment to the public notice of sale of state-owned stake in the Institute that in line with regulations and procedures, bids can be submitted by 12 noon on May 8th.

They said that other terms of the tender announced January 31st by the Council for Privatization and Capital Projects would remain unchanged.

The tender documentation for Simo Milosevic Institute has so far been purchased by London-based International Wellness Limited Group and Azerbaijan’s Azmont which also rented a land lot in Kumbor to build a tourist and residential complex on it.