Montenegro partly regains ownership in KAP

Montenegro's government has regained 29 percent ownership in the nation's biggest aluminum smelter majority owned by Russian tycoon Oleg Deripaska.

The deal enables the government to have one representative on the managing board with the right to veto some of the company's decisions.

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.

Montenegrin government sold KAP to Deripaska's Central European Aluminum Company five years ago for euro48.5 million （$674.73 million）.