Serbia to sell off bankrupt glass maker ISP's assets

The company will be put up for sale at a public auction on May 17, the agency said in a statement last week.

Interested buyers should pay a 25 million dinars deposit and submit the necessary documents to participate in the auction by May 13, the statement read.

The commercial court in the northern city of Pancevo opened bankruptcy proceedings against ISP in December 2015.

In August 2017, the bankruptcy agency sold ISP's production assets, including its 114,200 sq m factory complex, equipment and machines, to Novi Sad-based firm Promist at the ask price of 417 million dinars. The estimated value of the sold assets was 834 million dinars.

(1 euro = 117.120 dinars)