July 13 (SeeNews) - A recently-registered Bulgarian real estate company, Solid-85, has won an auction for the sale of insolvent electric motor plant Elma, offering to pay 2.15 million levs ($1.2 million/1.1 million euro) for its assets, the plant's administrator said on Wednesday.
The starting price in the auction was set at 1 million levs, the plant's administrator Rosen Miloshev told SeeNews by phone.
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Apart from Solid-85, bids were filed by textile company Kalinel, construction firm Perfekt Stroy and the Troyan municipality, where the plant is located.
In 2013, Elma's assets were put up for sale for 10.4 million levs after the company was declared insolvent in 2012 at the request of two of its creditors.
(1 euro = 1.95583 levs)