New opportunity for Budimka – State advertises another sale of former giant from Pozega, at 30% lower price

After the unsuccessful recent attempt to find a new owner for Budimka in Pozega, the Bankruptcy Supervision Agency has advertised a new sale of this company.

The offer is once again split into two lots, as was the case in the sale planned for June 11, which fell through as there had been no bidders, and the initial prices will be 30% lower.

As said in the call sent to all companies which have expressed an interest in buying Budimka in the past period, the sale will be held on September 10, 2019.

The initial price of the factory complex with the accompanying parcels in Pozega will be RSD 372,309,856, down from RSD 531,871,223.

As for the cattle farm in the village of Zdravcici, the price has been dropped from RSD 29,242,113 to RSD 20,469,479.

A total of 24 companies from Serbia, Europe and Asia have expressed an interest in purchasing Budimka in the past years. The company stopped producing in December 2015 and entered bankruptcy proceedings in the meantime, whereby its debt of EUR 13 million was written off.

Considering the potentials and the brand of Budimka, the fact the the production of fruit and vegetable juices can be reinitiated very quickly and the initial prices much lower than the realistic ones, it was expected for the factory to be sold in the first round.

– To the surprise of us all, the opposite happened – the bankruptcy supervisor, Djordje Zecevic, said about the unsuccessful attempt at a sale.

Agencija za licenciranje stečajnih upravnika Beograd

Budimka doo Požega

sale of Budimka

Đorđe Zečević

bankruptcy supervisor

fruit and vegetable processing complex