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Nov 07, 2017 14:48 EEST
SARAJEVO (Bosnia and Herzegovina), November 7 (SeeNews) – The bankruptcy trustee of Bosnia's furniture maker Konjuh has announced the sale of the company's assets, with a total value of 52.2 million marka ($30.9 million/26.7 million euro), via an auction on December 4, local media reported on Tuesday.
Konjuh's assets are split into three lots, the first of which is the largest and consists of production-business facilities, including equipment and small inventory, valued at a minimum 47.5 million marka, news portal eKapija reported.
The other two lots include the company's vehicles and a chair factory.
Konjuh entered bankruptcy in September last year.
Prior to that, local media reported that an Azerbaijani investor was interested in acquiring a majority stake in the company. The potential deal, however, was complicated by the fact that the company's capital is divided among 800 shareholders.
Prior to the launch of bankruptcy proceedings, the furniture maker, located in Zivinice, had halted production several times due to financial problems.
(1 euro=1.95583 marka)
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