Bourgas Shipyards Assets Put Up for Sale for 207 Mln Euro
Wednesday, 04 December 2013
Bulgaria's Burgas Shipyards assets have been put up for sale at a starting price of 207 million euro ($280.4 million).
The assets will be auctioned by a Russian auction house, Capital daily reported. The notice published on the website of the auction house does not state a deadline for submission of bids, it added.
According to Bulgarian Trade Registry data quoted by the daily, an offshore company, Hunas Investment Limited, owns 80% of the shipyards.
The assets on sale include a production site and equipment, which will be offered at a starting price of 130 million euro; a ship repair plant certified to handle ships of up to 25,000 tonnes, for which the auction house will ask 65 million euro; and a port serving Bulgaria's south coast industrial area, for which buyers will have to pay 12 million euro at least, the newspaper added.
Bourgas Shipyards occupies a 70 hectare land plot, strategically located between the coastal city of Burgas and Foros, a residential and holiday complex project in development.