Source: Tanjug | Wednesday, 10.07.2019.| 11:16
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Sale of IMR pronounced unsuccessful

Illustration (Photo: bibiphoto/shutterstock)
The sale of the bankruptcy debtor Industrija Motora Rakovica as a legal entity, which was held on May 31, was pronounced unsuccessful on July 9, the Bankruptcy Supervision Agency announced.

– The bankruptcy supervisor pronounced the said sale unsuccessful, as the board of creditors had not given an opinion on the submitted bid within the deadline – the Bankruptcy Supervision Agency said.

Lilly Drogerie offered RSD 354 million for IMR in late May, which was below 50% of the estimated value of the bankruptcy debtor, requiring the board of creditors of IMR to make a decision about the offer.

Before the sale, IMR had been estimated as a legal entity at RSD 2.9 billion. In Belgrade, its property includes numerous halls, machine production facilities and warehouses taking up 75,000 square meters, as well as a hotel, a management building, infrastructure and ownership of the IMR institute.

IMR has production complexes in Ljubis and Sljivovica on Zlatibor.
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