Bankruptcy management puts KAP's property up for sale for EUR 52.5 million

(Photo: kap.me)

The bankruptcy management of Podgorica Aluminum Plant (KAP) announced Friday (6 December 2013) that the assets of that former giant were up for sale for EUR 52.5 million.

All those interested can submit written bids by 8 January 2014, it is said in the ad published on the website of this company that has been in bankruptcy since October 9th.

Companies and inviduals interested in buying all assets of the company must pay a deposit of EUR 1 million, while those competing only for certain assets are to pay 10% of the value of the asset they would like to purchase.

All bids will be opened on January 10th.

Interest in KAP has already been expressed by companies from Turkey, Germany, India, and Croatia.