Bourgas Shipyards Assets Put Up for Sale for 207 Mln Euro

Bourgas Shipyards Assets Put Up for Sale for 207 Mln Euro

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.
 
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