Shareholders’ Assembly of EPCG postponed – Montenegro, 30 May 2016

Extraordinary Shareholders’ Assembly of Montenegrin power utility EPCG, on which the separation of the distribution unit was supposed to be approved, has been postponed due to the absence of the representatives of the state.
EPCG’s Secretary, Milivoje Vujacic explained that the state representative has not been named yet due to the administrative problems during the constitution of the new Government and without the state’s 57.1 % of the shares it is not possible to hold the shareholders’ meeting. According to him, new Assembly may be held within ten to thirty days.

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