Montenegro

Activity in Montenegro dropped sharply and in 2019 just five deals were recorded. However, due to a large proportion of the deals being higher in value, the total deal value increased from EUR 46.1m to EUR 59.3m, 28.8% y-o-y.

Volume and number of deals

MONTENEGRO graph

Top three deals

Finance

#1

Target: Societe Generale
Sector: Finance & Insurance
Stake: 90.6%
Buyer: OTP Bank
Country of buyer: Hungary
Deal Value: EUR 40,5m
Value Source: 2

Petrol

#2

Target: Five Pavgord filling stations
Sector: Wholesale & Retail
Stake: 100%
Buyer: INA
Country of buyer: Croatia
Deal Value: EUR 10m
Value Source: 2

Finance

#3

Target: Nova Banka AD Podgorica
Sector: Finance & Insurance
Stake: 100%
Buyer: Adriatic Capital
Country of buyer: Montenegro
Deal Value: EUR 7,1m
Value Source: 1

Value Source:

  1. Official data
  2. Market estimate provided by EMIS and based on publicly available information
  3. EMIS estimate

Top three sectors

Finance

Finance & Insurance:
2 deals

Real estate

Real Estate & Contruction:
2 deals

Wholesale

Wholesale & Retail:
1 deal

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Key contacts

Contact
Milica-Popovic-CMS-MN
Milica Popović
Partner
Belgrade, Podgorica