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Serbia fails to sell assets of bankrupt Generalexport - report

Serbia fails to sell assets of bankrupt Generalexport - report unsplash.com

BELGRADE (Serbia), May 24 (SeeNews) - Serbia failed for the second time to sell assets of bankrupt holding company Generalexport, local media reported.

The auction failed as no interested buyers showed up, local business portal eKapija quoted Serbia's Deposit Insurance Agency as saying in a statement on Monday.

The assets were put up for sale on April 21 at a starting price of 2.09 billion dinars ($19.03 million/17.76 million euro).

They included the bankrupt company's office component of the Genex Tower building in Belgrade, with an aggregate area of approximately 16,400 sq m, as well as office equipment, according to an earlier statement by the agency.

Generalexport was declared bankrupt in 2015.

(1 euro = 117.471 dinars)

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