Sale of IMR pronounced unsuccessful

The sale of the bankruptcy debtor Industrija Motora Rakovica as a legal entity, which was held on May 31, was pronounced unsuccessful on July 9, the Bankruptcy Supervision Agency announced.

– The bankruptcy supervisor pronounced the said sale unsuccessful, as the board of creditors had not given an opinion on the submitted bid within the deadline – the Bankruptcy Supervision Agency said.

Lilly Drogerie offered RSD 354 million for IMR in late May, which was below 50% of the estimated value of the bankruptcy debtor, requiring the board of creditors of IMR to make a decision about the offer.

Before the sale, IMR had been estimated as a legal entity at RSD 2.9 billion. In Belgrade, its property includes numerous halls, machine production facilities and warehouses taking up 75,000 square meters, as well as a hotel, a management building, infrastructure and ownership of the IMR institute.

IMR has production complexes in Ljubis and Sljivovica on Zlatibor.

Industrija motora Rakovica a.d. Beograd

Lilly Drogerie doo Beograd

Agencija za licenciranje stečajnih upravnika Beograd

IMR

Lilly Drogerie

Bankruptcy Supervision Agency

sale of IMR