Tender for Bauxites

The bankruptcy trustee of the bauxite mine called today for the sale of company’s property through a public auction with a starting price of 5.99 million euros.

The submitted bids will be opened on July 15 at 12 am at the Commercial Court.

Nobody submitted a bid at the previous tender with a starting price of 8.55 million. Niksic Neksan subsequently submitted a bid, but it was refused by the creditors’ committee. Neksan offered 4.4 million euros for the property of the company, with an additional 600 thousand for solving social program.

Subject of the sale are fixed and mobile assets of the Bauxite Mines consisting of buildings with land in Niksic municipality with the office buildings in the economy. The land is also for sale, as well as production facilities, equipment and devices, transport vehicles and other movable property of Niksic company.

The property is sold as is, with no guarantee to customer and without the customer’s rights to a subsequent complaint and a claim.

The right to submit a bid have all individuals and companies who have the right to purchase the real estate in accordance with the applicable laws of Montenegro, and who deposit a 600 thousand euros.

Izvor: RTV Montenegro