Serbia sells bankrupt Fabrika Ulja property for 168 mln dinars (1.four mln euro)

BELGRADE (Serbia), March 23 (SeeNews) – Serbia’s Deposit Insurance Agency said it sold the assets of bankrupt edible oil maker Fabrika Ulja Krusevac for 166.8 million dinars ($1.57 million/1.43 million euro) – the starting price it had set in the auction .

The assets include land zoned for construction projects in Serbia’s southern city of Krusevac, as well as manufacturing facilities, the agency said in a statement on Monday.

The buyer is real estate management company Storage Solutions, based in Belgrade.

The company was founded earlier this month with an initial capital of 10,000 dinars, according to the trade registry data.

In December, the agency tried to sell the same assets for 278 million dinars but failed.

Fabrika Ulja Krusevac was declared bankrupt in 2015.

($ = 107,192 dinars)

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