Visit-Montenegro.com: Bemax in the race to get Marina
Three bids for Bar-based company; one of them apparently inappropriate: Russian consortium, Montenegrin consortium and the company “Kaca” submitted their bids for taking over the majority stake in the Marina Bar with the concession period of 30 years. Privatization of this company was on hold due to unresolved issues on property rights between the municipality of Bar, the Port of Bar and the shipping company “Prekookeanska Plovidba”.
Podgorica – Three tenderers, The Russian and Montenegrin consortium and the company “Kaca” submitted their bids for taking over the majority block of shares in the Marina Bar with the concession period of 30 years, it is confirmed to Daily “Vijesti” from the Privatization Commission in charge of competitive bid process for privatization of this company.
The meeting of the Commission where opening of bids will take place is scheduled for beginning of next week, and until then, it has to be established if the company “Kaca” meets the necessary requirements for participation in the tender for selling 54 percent stake in the Bar Marina with the obligation to invest.
Consortium led by the company from Bar “Expert Marine”, which is founded by Russians, has joined forces with the Russian companies “Nash Gorod” and “Pobeda Capital”.
Montenegrin consortium is led by the company “Bemax” from Podgorica which produces ready-mixed concrete and there is Bar-based company Y.C.YUG and Danilo Lakic.
The Tender Commission examines whether the bid of the trading company “Kaca” is appropriate and Daily “Vijesti” was informed that this bid will most probably be rejected due to many inconsistencies and some formal defects.
According to the Commercial Court Central Registry (CRPS) in Podgorica, the founder of “Kaca” is Aleksandar Karanikic while the Executive Director and authorised representative is Vida Karanikic.
The “Expert Marine” trading and service company was founded in 2007 and according to the information from the Commercial Court Central Registry, its founder and legal representative is Stanislav Valerevic Sestopalov. The Executive Director of the company is Viktor Andrjusin.
As stated in CRPS, the founder and legal representative of “Bemax” is Veselin Kovacevic. “Bemax” is a construction company which closed very important construction deals within a year and a half. The founder of the company “Y.C.YUG” is the yachting club “Jug” from Bar, and Danilo Lakic is a co-owner of the company “Montepesca” which is registered for sea angling activity.
Companies which pay EUR 20 thousand for the tender documents will be given the right to participate in the tender for Marina Bar.
The tender participant is qualified to submit the bid in case it has experience in the domain of the main activity of the Marina for at least 5 years, or an annual turnover amounted to EUR 10 million in the last business year. The interested party should have generated profit over the past 3 business years. The right to take part in the bidding process is also given to the participant whose owner fulfills the terms and requirements of the tender.
The bidder is required to make a deposit in the amount of EUR 100.000, and submit a confirmation about the deposit payment or Bid Bond issued in the form of the unconditional bank guarantee, which is payable upon first demand and issued by the bank that has at least BBB credit rating according to the Standard and Poor’s Agency.
The bidder is allowed to establish consortium with other parties, prior to or after the purchase of the tender documents, and submit the bid provided that at least one member of the consortium meets the requirements defined in the tender.
The Tender Commission reserves the right to amend certain provisions of the public invitation.
The Agency for Economic Restructuring and Foreign Investments announced the public invitation on 8th of April. The subject to the sale is 54.3 percent stake in the Marina: 19.4 percent of the share capital owned by the Government of Montenegro, 16.99 percent owned by the Development Fund of Montenegro, 13.4 percent of stake in the company owned by the Pension and Disability Insurance Fund of Montenegro, and 4.46 percent of shares owned by the Employment Agency of Montenegro. The shares can be paid only in cash.
Nominal value of one share is €5,79.
The privatization of Bar-based company was on hold due to unresolved issues on property rights between the municipality of Bar, the Port of Bar and the shipping company “Prekookeanska Plovidba”.
The Marina Bar is surrounded with the public beach, promenade and the passenger terminal building with ferry service and it covers a land area of 55.000 sq m and maritime zone of 100.000 sq m. Planned capacity of the Marina includes 900 berths in the sea and 250 on the land for winter storage.
By I.G.