Second attempt at selling Jabuka – Company's value estimated at around EUR 5 million

The trustee in bankruptcy of the bankruptcy owner Trgovinsko Preduzece Jabuka ad in bankruptcy from Belgrade has called the sale of the bankruptcy owner as a legal entity through the method of the public collection of bids for the second time.

The most important property of the bankruptcy owner consists of real estate – office space, retail facilities and warehouses, and movable property – equipment for retail facilities and warehouses and office equipment, as well as receivables.

The estimated value of the bankruptcy owner as a legal entity amounts to RSD 612,277,384.00 (around EUR 5 million), and the deposit of 20% for participation in the sales procedure amounts to RSD 122,455,476.80. The estimated value is not the minimum acceptable value, nor is in any other way binding for the bidder in determining the value of the bid.

The deadline for buying out sales documentation is November 29, 2016.

The bid submission deadline is December 6, 2016, at 10:45 am, and the public opening of bids will take place on the same date at 11 am at the business premises of the bankruptcy owner at 43 Svetog Nikole Street, Belgrade.

Trgovinsko Preduzece Jabuka was put on the list of companies whose accounts had been blocked in 2011. At the time, Slovenia's Mercator was allegedly interested in buying Jabuka Market.