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Serbia offers for sale assets of insolvent chemicals company Prvi Maj

Serbia offers for sale assets of insolvent chemicals company Prvi Maj Author: Horia Varlan. License: Creative Commons, Attribution 2.0 Generic.

BELGRADE (Serbia), September 14 (SeeNews) - Serbia's Bankruptcy Supervision Agency is inviting bids for the purchase of assets of insolvent chemicals company Prvi Maj, the agency said.

The estimated value of the assets of Iris put up for sale stands 120 million dinars ($1.2 million/1 million euro), the Bankruptcy Supervision Agency said in a notice.

The deadline for the submission of bids is October 23.

A deposit of 64.2 million dinars is required to participate in the auction.

The agency carried out two several unsuccessful attempts to sell the assets of Prvi Maj after declaring the company insolvent in March 2016.

(1 euro = 118.227 dinars)

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