Montenegro regains 29 percent of shares in Russia-owned KAP aluminum smelter

Canadian Business.com reports that the Montenegrin government has acquired 29% stake in the biggest aluminum smelter in the country, KAP.

The story is quoted as saying:

Workers have said they want the Montenegrin government to take over the KAP aluminum factory from Deripaska. Once Montenegro’s biggest producer, KAP has halved production since a global crisis hit the aluminum business last year. Dozens of the factory’s 2,100 workers have been fired in recent months.

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