Second Attempt at Sale of Azotara Pancevo Falls Through

The second attempt at a sale of Azotara Pancevo has been declared unsuccessful, because no deposit was paid and no banking guarantee for taking part in the public bidding was submitted, the Bankruptcy Supervision Agency announced.

Azotara was put up for sale as a legal entity, at the initial price of around RSD 2.33 billion, nearly half the price from the first auction, which was also unsuccessful.

The most significant property is the complex of the artificial fertilizer and nitrogen compound factory in Pancevo, consisting of production, storage, administrative, infrastructural and auxiliary buildings, facilities and equipment.

The lot also includes movable property, that is, equipment, mechanization, claims and materials stock.

Azotara has been in bankruptcy since September 2018.

HIP-AZOTARA d.o.o. Pančevo

Agencija za licenciranje stečajnih upravnika Beograd

HIP Azotara

Bankruptcy Supervision Agency

artificial fertilizer factory complex

nitrogen compound factory

sale of Azotara