Tuzla-Based Interkonzum Pays EUR 8.5 Million and Takes Over Sarabon Assets

Tuzla-based company Interkonzum has paid BAM 17 million for the assets of Sarajevo confectionery manufacturer Sarabon, officially acquiring ownership of the assets of the company, which has been in bankruptcy since 2006.

Bankruptcy administrator Jasmin Sarenkapa confirmed the information to Klix.ba, emphasizing that the funds have already been deposited into the bankruptcy debtor's account.

The assets comprise real estate in Sarajevo's Stup neighborhood, on Dzemala Bijedica Street (behind the Heco Plus Hotel). Sarabon's factory was located at the site, where production continued until bankruptcy proceedings were initiated to settle debts owed to employees, the state and other creditors.

The buyer of the assets, Interkonzum Tuzla, operates as part of the Bingo Group, and its primary business activity is real estate management.

Business problems at Sarabon, which was founded in 1948 and was best known for its "Zora" chocolate, began in the early 2000s following privatization. Sarabon was sold at the time for BAM 2.8 million to a group of private investors led by brothers Vahidin and Bahrudin Comor.

In 2019, the Cantonal Court in Sarajevo confirmed an indictment against former director Vahidin Comor and Asim Vlajcic on charges of abuse of office and financial misconduct.

Interkonzum

Bingo Tuzla

Sarabon Sarajevo

Cantonal Court in Sarajevo

asset sale

Vahidin Comor

Asim Vlajcic

Zora chocolate