Footwear industry of Belgrade will be auctioned on March, 6th – 6,4 million euros, starting price

Industry of footwear Belgrade, in restructure, will be offered for sale at the auction on March, 6th, 2009, by the starting price of 566,64 million dinars, which is 6,4 million euros, as it was announced today by the Agency for privatization.

Deposit for participation at the auction is 283,32 million dinars, which is 3,22 million euros, according the official exchange rate on the fay of public invitation was announced.

The buyer will be obliged to invest in the Industry at least 94,3 million dinars, and the right for participation at this auction only have producers of leather and object from leather, who made a profit of at least 250 million dinars in the last year.

Application deadline is February, 26th, 2009, and auction documentation can be bought from January, 5th – February, 26th, by the price of 40.000 dinars, without VAT, as it stands in the announcement published in “Politika” and on the web site of the Agency for privatization, www.priv.rs.

97,87% of Industry’s capital is offered for sale. Footwear industry Belgrade has 414 employees, and in 2007 it made a loss of 1,5 million euros according the average exchange rate of that year, and a profit of 3,3 million euros.

The company has two management buildings in Belgrade, of 3.256 square meters and production halls and buildings on 12.436 square meters of space.

It also owns 16.726 square meters of construction land in social property and 37.877 square meters of land in state’s property.