September 6 (SeeNews) - Serbian company Konvar has acquired the assets of bankrupt pharmaceutical firm Jugoremedija from Czech Republic-based APS Capital Group's subsidiary Project One for an undisclosed sum, data from the country's commercial register showed on Monday.
The ownership change at Jugoremedija was entered into the register on August 30, according to a decision on amendments to the company's articles of association posted on the website of the register.
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Serious preparations for an overhaul of Jugoremedija's factory in Zrenjanin have started, Serbian daily Danas quoted the insolvency administrator of Jugoremedija, Radovan Savic, as saying on Monday.
Project One acquired Jugoremedija last year after proposing to pay 364.5 million dinars ($3.7 million/3.1 million euro) at an auction for the sale of the company's assets.
Earlier in 2021, Project One offered Jugoremedija's assets for sale for 5.5 million euro, and there were several interested investors, among them Novi Sad-based Union Medik, which rented its plant for the production of medicines.
Jugoremedija was declared bankrupt in 2016. The most important assets of the company include an industrial complex in Zrenjanin, which comprises several production facilities, as well as 24 trademarks, 28 motor vehicles, inventory and supplies.
(1 euro = 117.580 dinars)