Aco Đukanović

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Aco Đukanović is a controversial Montenegrin businessman. He is widely considered to be one of the richest and most powerful individuals in the country, along with Vesko Barović, Dragan Brković and others from the Montenegrin nouveau riche class that emerged during the 1990s following the break-up of SFR Yugoslavia.

All of Aco Đukanović's wealth and influence were achieved during his older brother Milo Đukanović's rule in Montenegro as Prime Minister and President of the Republic (1991-2006) and currently as the ruling political party's (DPS) president.

Aco Đukanović's early business activity during the 1990s was folk concert booking, promotion and organizing through his first company Maraton.

His current company Monte Nova is a big player on the Montenegrin business scene with their most recent acquisitin of Nikšićka banka. The company reportedly also has substantial influence in Elektroprivreda CG (Montenegrin hydro company) as it is trying to take over Pljevlja coal mine (accounting for 100% of Montenegro's coal production) and thermal power station (accounting for 45% of power supply within the republic).[1]

Đukanović also held stake in Crnogorska komercijalna banka, which he sold to Hungarian OTP Bank.

In January 2007, he bought 75% stake in Montenegrin urbanism authority for €2.7 million.[2]

Around the same time he bought the documentation for the third mobile operator licence in Montenegro but ended up not placing an official bid, and the licence went to Telekom Srbija.[3]