Eureka Bar Signs Agreement on Purchase of Genex Tower

Eureka Bar today signed the agreement on the purchase of the Genex Tower, at a price of RSD 2.4 billion, which is how much it offered at the public bidding on February 6, as confirmed for Biznis.rs. That, however, does not mean that the famous office building in New Belgrade has new owners – that will only happen when Eureka Bar pays the full sales and purchase price.

According to the rules of public bidding of the Bankruptcy Supervision Agency (ALSU), the signing of the sales and purchase agreement marks the beginning of a deadline period of 15 days for the payment of RSD 2.4 billion, or slightly over EUR 20 million. Eureka Bar will only become the owner of the building if the company pays the entire amount within that deadline.

There is the possibility of making the payment in installments, but the final installment has to be paid by the expiration of the deadline period which begins on Tuesday, March 21, as confirmed for Biznis.rs. That means that the fate of the whole transaction will be known on April 4 at the earliest.