Inter the Russian Open Society it was lighted in Montenegro Inter the Russian Open Society United Power Systems considers possibility of purchase of electric power industry of Montenegro - companies EPCG. The authorities expose 18,3 % of its actions on the tender with a trial period : the winner will acquire the right to redeem a controlling stock in five years. A problem for Inter the Russian Open Society there can be an absence of the obligatory tender for participants of a credit rating.
Open Society Inter the Russian Open Society United Power Systems can take part in the tender for acquisition of the basic Montenegro power active - companies Elektroprivrede Crne Gore (EPCG). In Inter the Russian Open Society have confirmed interest to an active. The government of Montenegro declared tender conditions on February, 2nd, the number of potential applicants included the companies from Italy, Greece, China, the United Arab Emirates. Demands of applicants will be accepted till April, 30th.
EPCG includes some small HYDROELECTRIC POWER STATIONS, thermal power station, and also distributive networks and marketing divisions. The general capacity - 868 MVt (the most part - HYDROELECTRIC POWER STATION). At the state - 70,6 % of actions EPCG, other shares - at minoritariev.
to Suppose the new proprietor in the power of Podgoritsa gathers gradually: the winner will manage only 11,5 million shares of company (18,3 % from an authorised capital stock), to it will be allowed to redeem also 11,5 million more actions dopvypuska. After that the investor will acquire the right to management EPCG, and in five years it can acquire the right to the controlling stock repayment. The applicant should have electrogeneration with annual development in 1500 GVt ch or network actives with similar volume of transportation for a year. Incomes for last fiscal year not less 250 million and cost of actives not less 500 million Besides, are required One more requirement is presence of a credit rating not more low BBB - from agencies Standard and Poor ` s or Fitch or Baa3 from Moody ` s.
In Inter the Russian Open Society have explained that experts will study the tender documentation, having added that the Balkans are region which is considered as the perspective market . Earlier the head of the company Evgenie Dod visited republics of the former Yugoslavia, in particular, in April of last year reports on cooperation with Serbia and Republic Serbian (Bosnia) have been concluded. Then as potential projects of the company HYDROELECTRIC POWER STATION building in Montenegro was called also. However the condition on a rating - at " can become an obstacle for its participation in the tender; Inter the Russian Open Society judging by reports, it simply is not present. As it is planned to solve this problem, in the company have not specified. A source in one of rating agencies says that in norm before crisis Rating reception occupied five - six weeks. but if there is an urgent need and all data is ready, at round-the-clock work of analysts the rating can be received for three - four days - the interlocutor " adds; .
Elena Yushkov from Ak Bars Finans believes that purchase EPCG can be perspective at least because in crisis to buy favourably . But to estimate current cost of a similar active of analytics are at a loss. Alexander Seleznev from Uralsiba believes that the investment can appear risky enough as it is difficult to predict what condition of local economy even in a year will be. Besides, in its opinion, tender conditions can include certain investments into development of capacities EPCG.
, JULIA - TCHAIKIN