Sock factory "Udarnik" on auction on February 26, 2007

The Privatization Agency announced that the auction sale of Zrenjanin-based Sock factory "Udarnik" had been schedulled for February 26, 2007. The starting price of 67% of assets of "Udarnik", which are offered for sale, is 45.7m RSD, whereas the estimated value is 190m RSD.

The deadline for submittal of applications is February 16, 2007, whereas the participation in the auction requires deposit of 22.8m RSD. "Udarnik", which operates with the losses, employs 262 workers.