Source: Ozonpress | Monday, 18.01.2016.| 19:23
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Guca-based forge under hammer for the fifth of its estimated value - Total debt of IKG totals EUR 145 m

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Trustee in bankruptcy, Industrijski kombinat Guca Aco Milosevic, announced the third sale of the company as a legal entity (without debts) through public auction, Property is under hammer at the price of RSD 166.920.000, i.e. 20% of estimated value. Market value of the forge is estimated at RSD 834 m and comprises halls, equipment a, material rights and six hectares of land.

Until scheduled date, November 26, only one offer was delivered , with the price of RSD 167 m, sent by Oleks from Uzice, registered for collection of secondary raw materials. Since the offer was lower than 50 of estimated value, the decision of the Board of trustees of IKG was required. Majority of votes decided for it to be rejected (3:2).

Therefore, the third sale was announced for which, in line with the national standard, trustee in bankruptcy was entitled to define the price ranging from 20% to 50% estimated value.

Additional information is available HERE.

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