Sale of Aha Mura Prvi Maj falling through – Ferrari Investment East Europe fails to pay deposit within deadline

Trustee in bankruptcy of Pirot’s Aha Mura Prvi Maj, Miroljub Dimitrijevic, says that the attempt to sell the company will probably be deemed unsuccessful, as Ferrari Investment East Europe and its Hong Kong subsidiary have failed to pay the deposit within the deadline and are silent on the matter.

The company’s property has been estimated at a total of RSD 631 million. Ferrari Investment East Europe hasn’t honored a single obligation prescribed by law so far.

The National Bank of Serbia has been asked to inspect the status and the credit rating of the company, but the process hasn’t yet been completed, so the trustee in bankruptcy has announced that a different kind of sale, the one through the gathering of written bids, will start being considered this Monday.

– I am against lowering the price, and the company is to be sold as a whole, along with all its property, and I am already considering organizing the sale through the gathering of written bids – Dimitrijevic specified.

Commenting on the fact that “certain machines” are being moved out of the factory by truck, Dimitrijevic said that the machines were owned by Prvi Maj AD and not subject to the privatization agreement with Slovenia’s Mura, which had practically ruined the Pirot factory and pushed it into bankruptcy, following its own financial collapse in Slovenia.

Aha Mura prvi maj Pirot

Ferrari investment east Europe Bačka Palanka

Narodna banka Srbije Beograd

Aha Mura Prvi Maj Pirot

Ferrari Investment East Europe Backa Palanka

Miroljub Dimitrijevic

sale of Prvi Maj

National Bank of Serbia

NBS

Prvi Maj bankruptcy proceedings