Schoenherr has represented the Government of Montenegro on its sale of an 18% stake in state energy company Elektroprivreda Crne Gore Ad Niksic (EPCG) to Italian utility A2A. A2A paid €192 million for the stake, or €8.40 per share. Half will be acquired from the Montenegrin government, and the other half will be underwritten through a capital increase reserved for the company.
September 08 2009