The Decision on Privatization Plan for 2012
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Pursuant to the Article 3 of the Law on Privatization of Economy ( “Official Gazette of the Republic of Montenegro ”, no 23/96, 6/99, 59/00 and 42/04), The Government of Montenegro, at the session held on 1 March 2012, issued THE DECISION ON PRIVATIZATION PLAN FOR 2012 I. MAIN PRIVATIZATION OBJECTIVES This Decision establishes the main privatization objectives and other aspects of this process, methods and principles of privatization along with the list of companies and percentage of share capital to be privatized. The main privatization objectives are to increase competitiveness and efficiency of companies’ performance, encourage foreign investments and entrepreneurship in all fields, increase employment and improve standard of living. II. METHODS AND PRINCIPLES OF PRIVATIZATION Privatization in 2012 shall be based on privatization methods and principles adjusted to the free market requirements. 1. Sale of shares and assets by public tender 1.1. The implementation of the annou nced tender for the company NIG „Pobjeda“ AD – Podgorica shall continue. 1.2. Pursuant to the decisions passed by the Privatization and Capital Projects Council, the preparation of tenders for the following companies shall continue: 1.2.1. AD „Montecargo“ Podgorica, 1.2.2. „Montenegro airlines“ AD Podgorica, 1.2.3. AD „Kontejnerski terminal i generalni tereti “ Bar, /Container terminal and general cargo/ 1.2.4. „Jadransko brodogradilište“ AD Bijela, /Shipyard/ 1.2.5. AD "Zora" Berane, 1.2.6. HG „Budvanska rivijera“ AD Budva, 1.2.7. HTP „Ulcinjska rivijera“ AD Ulcinj, 1.2.8. „Institut crne metalurgije“ AD Nikšić, /Ferrous Metallurgy Institute/ 1.2.9. Fabrika elektroda „Piva“, Plužine /Electrode Plant/. Companies that are to be privatized by public tender are given in the Appendix 1, which forms an integral part of this Decision. 2. Sale of shares at the stock exchange The companies that are to be privatized through stock exchange sale are enclosed in the Appendix 2a, which forms an integral part of this Decision. Sale of shares shall cease for companies that become a subject to the bankruptcy procedures during the year. 3. Sale of shares and assets by public auction Parts of assets, shares, respectively, stakes in companies, shall be sold by the public auction pursuant to the previous decisions of owners. For companies where the state or state funds are majority owners, the Privatization and Capital Projects Council is to issue an approval to the decision on sale of assets whose value exceeds 50,000€. The companies that are to be privatized by the public auction are enclosed in the Appendix 2b, which forms an integral part of this Decision. 4. Valorization of tourism locations/ companies through public private partnership Pursuant to the decisions of the Privatization and Capital Projects Council, the relevant tender commissions shall through international public tenders conduct the procedure on selection of investor s for valuation of tourism locations / companies: Ada Bojana, Velika Plaza, Bjelasica-Komovi (Žarski, Cmilja ča, Torine, Kola šin 1600, Jelovica and Komovi) , location between Njivice and the river mouth Sutorine in Herceg Novi Municipality , bay Masline – “Utjeha” for cape Odrac in Bar, “Montepranzo –Bokaprodukt“ AD – Tivat, „Po šta Crne Gore“ AD – Po dgorica, army barracks „Orijenski bataljon“ – Kumbor and Island „Mamula“, „Valdanos“, Ulcinj, „Ostrvo cvije ća“ and land „Prevlaka“ - Tivat, "Bigovo“ Trašte, Kotor and others. The relevant tender commissions shall conduct public tender procedures for sale or valuation of the tourism locations/companies set forth in the Appendix 3, which forms an integral part of this Decision. 5. Privatization of public utility companies In accordance with the Law on Communal Utilities , a special s trategy shall define models for restructuring of this sector. The Privatization and Capital Projects Council shall appoint a Tender Commission to implement the previously defined model, in accordance with the Law on Communal Utilities. 6. Companies or assets not included in the Plan In the event that a company or asset is not included in this Plan or if there is a need for changing the privatization methods or principles, the Privatization and Capital Projects Council shall decide on the privatization method and principle pursuant to the Law on Privatization of Economy. III. SOCIAL ASPECTS OF PRIVATIZATION When privatizing companies by public tender, it is necessary to include the settlement of social issues as a contractual obligation as well as to provide credible guarantees and termination clauses in case of a failure to meet contractual obligations. With respect to other privatization methods and principles, it is also necessary to include the obligation on settlement of social issues, except for the stock exchange sale. IV. FINAL PROVISION This Decision shall enter into force on the eight day upon its publication in the “Official Gazette of Montenegro”. Number: 06- 329 Podgorica, 1 March 2012 THE GOVERNMENT OF MONTENEGRO Prime Minister, Igor Lukšić, PhD Companies that are to be privatized by public tender Appendix 1 Companies with ongoing public tenders % of capital to be no Company Structure of capital to be privatized privatized Fund for Investment- Pension and Compensatio The State Employment Bureau Development Disability Fund n Fund Insurance 1 N.I.G. "Pobjeda" AD Podgorica 85.9894% 85.9894% Companies that the public tender is to be announced % of capital to be no Company Structure of capital to be privatized privatized Fund for Investment- Pension and Compensatio The State Employment Bureau Development Disability Fund n Fund Insurance 1 AD "Montecargo" Podgorica 87.6358% 85.4446% 1.5401% 0.6141% 0.0370% 2 "Montenegro airlines", AD Podgorica 99.8895% 99.8895% Kontejnerski terminali i generalni tereti AD Bar /Container terminal and 3 general cargo/ 57, 9554% 57, 9554% "Jadransko brodogradiište" AD Bijela 4 /Shipyard/ 61.5769% 22.4311% 7.4770% 31.6688% 5 AD "Zora" Berane 99.5638% 99.5638% 6 HG "Budvanska rivijera" AD Budva 58.7334% 41.6353% 12.8236% 4.2745% 7 HTP " Ulcinjska rivijera" AD Ulcinj 63.5273% 10.1418% 25.2962% 8.4321% 7.6468% 12.0104% Institut crne metalurgije AD, Nikšić 8 /Ferrous Metallurgy Institute/ 51.1159% 20.4270% 19.0368% 6.3456% 5.3065% 5 Fabrika elektroda "Piva" AD Plužine 9 /Electrode Plant/ 34.6554% 34.6554% Companies that are to be privatized through the stock exchange sale Appendix 2a % of capital no Company to be Structure of capital to be privatized privatized Fund for Investment- Pension and Employment Compensatio The State Development Disability Bureau Fund n Fund Insurance AD Opštegrađevinsko Gorica, Podgorica 1 /Civil engineering company/ 30.5837% 22.8331% 7.6100% 0.1406% 2 AD Papir, Podgorica 23.9865% 17.9730% 6.0135% AD Rudnici Boksita, Nikšić 3 /Bauxite Mine/ 0.0163% 0.0163% 4 Agrotransport Podgorica,Podgorica 74.8762% 22.4623% 7.4893% 44.9246% 5 Berane AD Berane 33.3529% 17.9985% 15.3544% 6 Dekor, Rožaje 22.5948% 16.9461% 5.6487% 7 HTP "Velika Plaža" AD Ulcinj 9.8177% 9.8177% 8 Metalprodukt AD, Podgorica 8.8178% 2.2007% 6.6171% 9 Montenegrosport AD,Bijelo Polje 6.5164% 0.5149% 6.0015% 10 Poliex AD, Berane 50.7532% 46.4053% 4.3479% 11 Sokara AD Niksic /Juice Plant/ 26.3158% 19.6881% 6.6277% 12 Trgokoop AD, Podgorica 6.0069% 6.0069% Appendix 2b 6 The company that is to be privatized pursuant to the point 3 of the Decision on the Privatization Plan N Company Structure of capital (share) o Fund for Investment- Pension and Employment The State Development Disability Bureau Fund Insurance 1 "Petoljetka stan" DOO, Bijelo Polje 8.6500% 7 Locations/companies that are to be valorized through public-private Appendix no partnership 3 n Company o 1 Ada Bojana 2 Velika plaža 3 Bjelasica- Komovi (Žarski, Cmiljača,Torine, Kolašin 1600, Jelovica and Komovi) Location between Njivice and the mouth of the river Sutorine in Herceg Novi 4 Municipality 5 Bay Masline- „Utjeha“ for cape Odrač in Bar Long-term lease of land owned by the company „Montepranzo – Bokaprodukt“ AD – Tivat with possibility of selling a part of land in Tivat Municipality intended 6 for construction of golf course, necessary infrastructure and accompanying facilities 7 “Pošta Crne Gore“ AD – Podgorica 8 Military-tourism complex "Valdanos", Ulcinj 9 Military-tourism complex "Ostrvo cvijeće" and land "Prevlaka" - Tivat 10 Military-tourism complex "Bigovo" - Trašte, Kotor 11 Barrack "Orjenski bataljon" - Kumbor 12 Kasarna "Gornji Klinci" - Herceg Novi 13 Barrack "Mediteran"- Žabljak 14 Lalovina komanda - PKL, Herceg Novi 15 Lalovina – above the main road - Meljine, Herceg Novi 16 Storehouse Studeničke glavice - Nikšić 17 Storehouse "Moćevac" - Mali logor, Pljevlja 18 Storehouse "Kopita" - Kolašin 19 Storehouse "Morinj"- Kotor 20 Storehouse "Dobre vode" - Bar 21 Building UPT "Crnci" - Podgorica 22 Island Mamula - Herceg Novi 23 Storehouse "Rakite" - Herceg Novi 24 Storehouse "Kožara" - Nikšić 25 Shooting range "Kunovo-Lukovo" - Nikšić 26 Motel Šas with Vladimir cooperative - Ulcinj 27 Barracks "Radoje Dakić" Žabljak 8 9 10.