Preparations for Autoremont shareholders` meeting completed
- Preparations for Autoremont shareholders` meeting completed
- Post By daniloc
- 11:05, 30 april, 2002

Podgorica (MINA-BUSINESS) – A half of 208 owners of Autoremont, a dealer in automotive spare parts from Kotor, attended on Monday a preparatory meeting for the official shareholders# meeting scheduled for
May 10, when a new managing board of the company is due to be elected. Following the mass voucher privatisation, 34 percent of Autoremont is owned by the Development Fund, seven percent by the Atlas Mont privatisation fund. The remaining shares belong to the management, pensioners and citizens. Autoremont is currently using only a third of its capacities due to high operational costs and unfair competition. "The state is not taking enough care of the illegal trade in automotive spare parts in workshops that have no licence for these activities," the management of Autoremont said.