HLT to become a privatization fund
- HLT to become a privatization fund
- Post By daniloc
- 11:57, 1 septembar, 2001
Podgorica, August 31 (Montena – business) – HLT Management Company raised over 49 million voucher points until yesterday, and tomorrow is expected to officially fulfills conditions and set up the first Privatization fund.
According to a Price Water House Coopers expert, Milka Lukic, this Fund is to have over 50
million voucher points on its privatization account tomorrow.
This number of points transferred to the privatization account is the condition for the Management Company to found a privatization fund that has the right to invest in companies.
“We got the information from the Institute for Balance and Payments that the HLT Fund had already collected enough number of voucher points, but the Institute makes a report a day later. Therefore, we can already say that this Fund has enough number of voucher points that will enable it to take part in the process of the Mass Voucher Privatization (MVP)”, said Lukic.
She also said that around 22 thousand citizens had transferred their voucher points to the privatization accounts of the funds until yesterday and the Euro Fond is in the second place.
“So far the Euro Fond has collected over 35.6 million voucher points, Trend has raised around 12 million, MIG over 8.9 million, Moneta almost 7 million, and Atlas Mont has around 1.3 million voucher points on its account”, said Lukic.
She said that over eight thousand citizens had transferred around 40 million voucher points to their family members.