March 14 (SeeNews) - Macedonia’s Komercijalna Banka [MSE:KMB] said it has signed a contract for the sale of a 1.5 billion denars ($30.2 million/24.4 million euro) debt owed to the lender by ferronickel producer Feni Industries.
The deal was signed on March 13, Komercijalna Banka said in a bourse filing on Tuesday. The buyer was not named.
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In a separate statement on Tuesday, Macedonia's Stopanska banka Skopje [MSE:STB] said it signed on March 13 a contract for the sale of a 921.8 million denars debt owed to the bank by Feni Industries.
In October, Feni Industries' largest creditors - Stopanska banka Skopje, Komercijalna Banka Skopje and Silk Road Bank Skopje, filed a motion to a local court for the opening of bankruptcy proceedings against the ferronickel maker. Subsequently, bankruptcy proceedings were opened in November.
Feni Industries is a pyro-metallurgical ferronickel producing plant, located in Kavadarci. The plant's annual nickel production amounts to around 20,000 tonnes per year.
In October, Macedonian news agency MIA reported that Feni Industries has been acquired by Bulgarian company Enekod.
(1 euro=61.4196 denars)
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