AHA Mura Prvi Maj up for sale again – Starting price RSD 200 million, Pirot Free Zone gives up on purchase

The Pirot-based factory AHA Mura Prvi Maj will try to find a purchaser for the sixth time. The bankruptcy trustee has put the company up for sale again, through a public auction to be held on October 27 in Nis.

The starting price is RSD 200 million, and interested bidders are obliged to pay the deposit of RSD 126.2 million.

The previous attempt at a sale took place this April, when the Pirot Free Zone was the only bidder. However, as the offered price of RSD 127 million was less than 50% of the estimated value of the factory (RSD 631 million), the Board of Creditors did not accept the offer.

As eKapija learns, the Pirot Free Zone is no longer interested in AHA Mura.

– The offer of the Pirot Free Zone was the only one in all previous five attempts at a sale. The current price is also higher than the one we offered. We are not satisfied with the way the bankruptcy proceedings were run and we will therefore no longer take part in the sale process – Dragan Kostic, director of the Pirot Free Zone, says for our portal.

As stated in the new ad, the most important pieces of immovable property of the bankruptcy debtor are the old and the new head office building, the textile industry building – halls, warehouses, the pattern shop and air conditioning chambers, as well as the conference hall, the children's playground, the restaurant, the library, the compressing station and substations. Of the movable property, the items up for sale are the textile industry equipment and supplies of raw materials, finished products, unfinished products and claims.

Let us remind that the former textile giant Prvi Maj Pirot went into bankruptcy in 2015. It used to have close to 7,000 workers and around 150 stores throughout the former Yugoslavia. The national sports teams wore their clothes, and their merchandise was also available in Italy, Germany and Russia.

Aha Mura prvi maj Pirot

Slobodna zona Pirot

sale of AHA Mura Prvi Maj Pirot

Dragan Kostic

privatization of AHA Mura Prvi Maj Pirot

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textile industry