Swiss, American and Canadian companies interested in Fabrika Akumulatora Sombor – New sale called

Fabrika Automobila Sombor in bankruptcy, which operates as part of the Farmakom MB Sabac concern, is looking for a buyer for the third time, and, as eKapija learns, three investors from America, Switzerland and Canada, which have already bought the sales documentation, are interested in the purchase.

The bankruptcy supervisor of FAS has advertised the sale of the property of the bankruptcy debtor, including, in addition to the car battery plant as a legal entity, the facilities and equipment of the Trgosirovina department, office space, two two-room apartments in Sombor, two farms and 88 vehicles.

– We have adapted the offer to fit the desires of interested companies and we have advertised the sale of the company as a legal entity and the sale of a part of the property separately in line with this. There are already companies interested in both the property and the company as a legal entity. Batagon from Switzerland, Exida from the USA and a Canadian company have already bought the sales documentation – says Predrag Ljubovic, bankruptcy supervisor, for eKapija.

Exida has been interested in the Sombor factory before, but, as Ljubovic says, the sale was not realized as they had failed to meet all the requirements. He is optimistic that the Sombor factory will get a new owner this time.

– I don't believe we will have to advertise the sale of the factory any more and that we will complete the procedure this time – Ljubovic says.

As stated in the documentation, FAS as a legal entity has been evaluated at EUR 24,569,775, and the final decision on the selection of the best bidder will be reached by the bankruptcy supervisor or the Board of Creditors if the offer is lower than 50% of the estimated value.

Let us remind that FAS became the ownership of Farmakom MB in 2006 and that it operated successfully until 2011, when it exported 10,000 car batteries and employed 820. The downfall happened in 2012.

The factory was leased twice, and the last lessee, DEM Helos, had the factory operating at around 30% of its capacity and with around a hundred workers. As Ljubovic confirmed for eKapija, no one has worked in the Sombor factory halls for over six months now.

The union has already pointed out that leasing only prolongs the agony and that the factory needs to be sold at a public auction to a partner capable of utilizing the capacities.

Black Horse- FAS doo Sombor

Koncern Farmakom MB Šabac

FAS

Farmakom MB Sabac

Exida

Batagon

sale of Fabrika Akumulatora Sombor

Predrag Ljubovic

DEM Helos

sale of FAS

car batteries