Source: eKapija | Monday, 03.06.2019.| 11:49
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Lilly Drogerie to buy IMR? – Offer lower than 50% of estimated value, decision up to Board of Creditors

(Photo: Brian Kinney/
Lilly Drogerie has offered RSD 354 million for the purchase of Industrija Motora Rakovica (IMR), also the sole bid submitted to the bankruptcy supervisor, announced the Bankruptcy Supervision Agency.

IMR is in bankruptcy and has been put up for sale as a legal entity, whose value has been estimated at RSD 2.9 billion. The offer of Lilly Drogerie is below 50% of the estimated value and the decision is therefore up to the Board of Creditors.

The property of IMR in Rakovica consists of seven halls with 15 machine production facilities and seven warehouses taking up 75,000 m2, a hotel on 1,600 m2, the head office building, infrastructure and the ownership of the IMR Institute.

Other property includes separate production complexes in the municipality of Cajetina, one in Sljivovica, with 7.84 ha, the other in Ljubis on Zlatibor.

Along with this immovable property, the property of IMR also consists of all of the equipment at the factory of engines and tractors, as well as the receivables.
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