Jagodinska Pivara finds buyer – Offered price lower by 50% than estimated value, creditors to decide
– In this case, the bankruptcy supervisor is obliged to get consent from the Board of Creditors before accepting the offer – Igor Draskic of the Company Auction Center told Tanjug.
The decision could take up to 10 days.
The Bankruptcy Supervision Agency advertised the sale of Jagodinska Pivara at the estimated value of RSD 711 million. The bankruptcy supervisor was “obliged to accept the highest bid if it is above 50% of the estimated value” and to seek consent from the Board of Creditors if it is below 50%, the ad says.
At this price, Pivara was also auctioned on December 4, 2018, but no one paid the deposit, which was RSD 142.2 million at the time as well.
Jagodinska Pivara is one of the oldest companies in Serbia, founded in 1852. The Commercial Court in Kragujevac reached the decision on the initiation of bankruptcy proceeding on March 24, 2016, due to a permanent insolvency, that is, the bankruptcy debtor's account being blocked for a longer period of time.
The current account of Jagodinska Pivara had been blocked since June 2, 2015, for the amount of around RSD 900 million.
Due to the previously announced possibility of the initiation of bankruptcy proceedings, all the 145 remaining employees applied for a voluntary leaving with a social program, which they were given, as the former union leaders at the company told Tanjug. The brewery has not been operational for more than a year and a half.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
28.03.2024. | Construction, Healthcare
Price for Construction of Tirsova 2 to Increase After All? – State Negotiating with Potential Contractors About Estimated Value of Works
28.03.2024. | Construction, Healthcare