February 19 (SeeNews) - Serbia's Bankruptcy Supervision Agency has found a buyer of insolvent state-controlled beer and soft drinks producer Jagodinska Pivara, local media reported.
The price offered for the assets of Jagodinska Pivara is 50% lower than their estimated value, Tanjug news agency quoted an agency official as saying.
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In such a case, the bankruptcy administrator is obliged, before accepting the offer, to obtain the approval of the board of creditors of Jagodinska Pivara, the official said.
A response of the board of creditors could be received in a period of ten days, the official added.
The Bankruptcy Supervision Agency invited bids for Jagodinska Pivara's assets with an estimated value of 711 million dinars ($6.8 million/6.0 million euro).
The agency put Jagodinska Pivara on the list of state-owned companies to be liquidated in August 2016. It has held a number of unsuccessful auctions for the sale of the company's assets since then.
(1 euro = 118.005 dinars)