Kombinat Aluminijuma ad Podgorica u stcj

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End-of-day quote Montenegro S.E. Other stock markets
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2014	Uniprom completed the acquisition of Kombinat Aluminijuma Podgorica A.D. from Central European Aluminum Company.	CI
2014	Uniprom Reportedly Signs Deal To Acquire KAP Assets	CI

Montenegro In Talks With TOSYALI To Sell KAP

November 02, 2012 at 12:00 am EDT

Montenegro's economy ministry said that it is in talks with TOSYALI Holding about its offer to acquire Kombinat Aluminijuma Podgorica A.D. (KAP). On October 1, 2012, the economic ministry said that the government needs a new investor to provide a long-term solution for KAP's electricity supply, invest in the processing factory and make the bauxite mines near Niksic operational for KAP. The ministry added, “The Tosyali Group's representatives agreed that KAP's long-term future depends on the investments into the existing capacities and into a new energy source.

These are recognized as expenses that any new investor would need to undergo in the initial phase until a long-term sustainability model is found for the company.” The economy ministry added that TOSYALI's final offer will be subject to consideration by all relevant authorities which include Montenegro's government and parliament. Montenegro's government is also expected to discuss a possible takeover of KAP with Hamburger Getreide-Lagerhaus AG (HGL) in the next few days.

Latest news about Kombinat Aluminijuma ad Podgorica u stcj

Uniprom completed the acquisition of Kombinat Aluminijuma Podgorica A.D. from Central European Aluminum Company.	14-12-23	CI
Uniprom Reportedly Signs Deal To Acquire KAP Assets	14-06-10	CI
Kombinat Aluminijuma Podgorica’s Latest Attemt To Sell Kovancnica Fails	14-04-22	CI
Impexmetal Seeks Alliance With Uniprom To Invest In KAP	14-04-08	CI
Uniprom Eyeing KAP Assets	14-02-20	CI
Politropus Reportedly To Wrap Up Talks To Acquire Red Mud Basin Of KAP	14-02-06	CI
Uniprom won the auction to acquire Kombinat Aluminijuma Podgorica A.D. from Central European Aluminum Company for €28.5 million.	14-01-19	CI
Politropus Alternative Reportedly Acquires KAP's Assets; Remaining Assets To Be Reauctioned	14-01-17	CI
Kombinat Receives Bids From 4 Buyers	14-01-10	CI
Kombinat Receives Bids	14-01-09	CI
Kombinat's Assets Up For Sale	13-12-06	CI
KAP May Reportedly Sell Assets	13-11-22	CI
KAP To Be Shut Down If No Investor Found	13-10-28	CI
KAP May Put Its Assets For Sale	13-10-08	CI
HGL Reportedly Plans To Bid For KAP	13-09-13	CI
Kombinat Aluminijuma Reportedly Attracts Investors	13-09-10	CI
Montenegro In Talks With TOSYALI To Sell KAP	12-11-02	CI
Montenegro To Finalize Negotiations For The Sale Of KAP	12-10-09	CI
Toscelik Profil Reportedly Mulls Acquisition Of KAP	12-09-13	CI
En+ Reportedly In Talks To Acquire Kombinat Aluminijuma	12-08-29	CI
Toscelik Reportedly To Wrap Up Talks To Acquire KAP	12-08-29	CI

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Company Profile

Kombinat Aluminijuma ad Podgorica u stecaju is a Montenegro-based company engaged in the production of aluminum. The Company is consisted of such elements as: the Alumina Refinery, which produces floury alumina and has a capacity of 280,000 metric tons a year; the Aluminum Plant, which consists of a Carbon Plant, Smelter, Casthouse, and Secondary Smelter; the Carbon Plant, which produces 65,000 metric tons of anodes each year; the Smelter consists of two pot lines, each containing 264 pots; the Casthouse, which has three T-ingot lines, one standard ingot line, and a capacity of 115,000 tons each year, and the Secondary Smelter, which recovers scrap aluminum and dross from the Casthouse.

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