Jugoremedija Goes to Project One Company of APS Holding Fund

Source: Danas Tuesday, 25.08.2020. 13:24
Comments
Podeli
Illustration (Photo: EM Karuna/shutterstock.com)Illustration
The bankruptcy supervisor of Jugoremedija, Radovan Savic, has decided for Jugoremedija to go to the company Project One of the APS Holding investment fund, which made the best offer at RSD 362.5 million.

Considering that the Board of Creditors had given the bidder a conditional approval, the necessary banking guarantees were procured and the uncertainties about the best bid were removed.

– I have officially pronounced APS Holding the best bidder and purchaser and checked their documentation. Banking reports on solvency were procured. Only the creditors may file complaints to this decision, the biggest of which is in fact the investment fund that made the best offer – the bankruptcy supervisor, Radovan Savic, explains for Danas.

The bids for the purchase of Jugoremedija through direct bidding were made by Project One (RSD 364.5 million), Lead Vision Style doo Beograd (RSD 360 million) and the Turkish Birgim Group (RSD 260 million).

The bankruptcy proceeding judge of the Commercial Court in Zrenjanin is to give their opinion on the sale of Jugoremedija within two days as well.


Since 2012, when the bankruptcy proceedings were initiated in Jugoremedija, 14 attempts at the sale have been made. Its first privatization in 2002 ended unsuccessfully, and the former owner Jovica Stefanovic Nini was accused of business misconduct. After five years of protests and lawsuits, the privatization was terminated.

A period followed during which the workers ran the factory, but Jugoremedija eventually went into bankruptcy due to the debts. For a number of years, the factory was being rented, producing medicaments, and it has not been operational in the past two years.
Comments
Your comment
Full information is available only to commercial users-subscribers and it is necessary to log in.

Forgot your password? Click here HERE

For free test use, click HERE

Follow the news, tenders, grants, legal regulations and reports on our portal.
Registracija na eKapiji vam omogućava pristup potpunim informacijama i dnevnom biltenu
Naš dnevni ekonomski bilten će stizati na vašu mejl adresu krajem svakog radnog dana. Bilteni su personalizovani prema interesovanjima svakog korisnika zasebno, uz konsultacije sa našim ekspertima.