New auction for sale of Bajo Sekulic salt works scheduled for January 25th

Milorad Ikovic, bankruptcy manager of Ulcinj-based salt works Bajo Sekulic, has scheduled a new auction for the sale of the company's property, with the starting price set to about EUR 225 million.

Ikovic confirmed to Vijesti that the new auction, the fourth so far, was scheduled for January 25th. The starting price is EUR 5 million smaller than at the previous auction, which failed to attract any prospective buyers.

In addition to an attractive land in the hinterland of the Velika Plaza beach, complete machinery for collecting and producing salt and all facilities are also offered for sale.