Montenegroberza hikes share capital by 22.4%.

By bne IntelliNews April 28, 2010
One of the two stock exchanges operating in the country, Montenegroberza, increased its share capital by 22.4% to EUR 0.76mn, the bourse said. The deal was performed through an increase of the face value of the stock exchange's shares to EUR 600 from EUR 490. Thus, the ownership structure was preserved. Domestic financial group Atlas holds more than 50% in the bourse. We note that the two stock exchanges in the country are to merge, expectedly by the end of H1. The shareholders of both Montenegroberza and NEX Montenegro approved the deal. The establishment of a single capital market in the country will decrease the operational costs of market participants.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335