PLUNA (Montevideo Carrasco) is back under the full control of the Uruguayan government after its 75% shareholder Leadgate has transferred its stake in the carrier to the Uruguayan Stock Exchange that will hold the shares until a new investor can be found. PLUNA has reportedly accumulated debt of approximately 300 million USD and is in urgent need of recapitalization. Leadgate and the government which owns the remaining 25% of the shares could not agree on a plan to finance the carrier's capital needs.