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Bosnia's bankrupt Hidrogradnja offers assets for sale for 52.4 mln euro - report

Bosnia's bankrupt Hidrogradnja offers assets for sale for 52.4 mln euro - report Source: Pixabay

SARAJEVO (Bosnia and Herzegovina), October 8 (SeeNews) - Bosnia's bankrupt construction company Hidrogradnja is selling assets worth an estimated 102.5 million marka ($57.6 million/52.4 million euro) at auctions this month and next, local media reported. 

Assets valued at some 6.5 million marka were offered for sale on October 4, with the auction for their sale to be held on October 21, news portal Klix.ba reported on Monday. 

The assets include a motel, land and a business building in Sarajevo, as well as land and production halls in Mostar, some 130 kilometres south of Sarajevo.

A package of other assets situated in Bosnia and Libya and valued at some 96 million marka was offered to potential buyers on October 7. The auction for the sale of the package will take place on November 14, Klix.ba reported.  

Hidrogradnja was put up for sale in 2013 by the government of Bosnia's Federation entity, which controls a 67% stake in the company. The Federation government, however, received no bids due to the complaints filed by the company's workers.

The Municipal Court in Sarajevo launched bankruptcy proceedings against Hidrogradnja in 2016.

(1 euro = 195583 marka) 

 

 

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