Two units of Magnohrom Kraljevo sold – Nelt buys FETP, Malbex Wbi buys SVO-TVO

Two units of Magnohrom Kraljevo were sold today at a public bidding, the Bankruptcy Supervision Agency confirmed for eKapija.

Nelt bought FETP Kraljevo, which was sold as lot 2, at the price of RSD 98 million.

The SVO-TVO plant, sold as lot 3, was purchased by the Belgrade-based company Malbex Wbi for RSD 13.5 million.

The refractory material plant (FVM) in Kraljevo and Sumadija and Magnezit mines with facilities for exploitation and separation of refractory material ore in several locations, the entire equipment of FVM and exploitation rights in the fields of Sumadija and Magnezit mines, as well as the land owned by the bankruptcy debtor in the territories of Kraljevo, Cacak, Cajetina and Gornji Milanovac, failed to find a new owner. The initial price of this lot amounted to slightly under RSD 275 million.

Let us remind that the bankruptcy proceedings in Magnohrom were initiated on September 16, 2016, with the company's excessive debts as one of the reasons.

Nelt has confirmed the information about the purchase.

Magnohrom d.o.o. Kraljevo

Nelt Co d.o.o Beograd

Agencija za licenciranje stečajnih upravnika Beograd

Malbex Wbi d.o.o. Beograd

Magnohrom Kraljevo

Nelt co

Magnohroma bankruptcy

sale of Magnohrom property

Fabrika vatrostalnih materijala Kraljevo

FVM Kraljevo

Fabrika elektrotermickih proizvoda Kraljevo

FETP Kraljevo

Fabrika SVO TVO

Fabrika smolom i terom vezanih opeka i masa

Sumadija mine

Magnezit mine

refractory materials

substation

bankruptcy Supervision Agency