Local Co Wins Public Auction for 50% of Lead, Zinc Smelter OTZK

Local Co Wins Public Auction for 50% of Lead, Zinc Smelter OTZK

Sofia-based Harmonee 2012 won a public auction for 50% of indebted lead and zinc smelter OTZK.

The firm offered to pay 8.6 million levs ($5.7 million/4.4 million euro) in the auction on Friday in which the starting price was set at 8.3 million levs, the state-run Bulgarian National Radio (BNR) reported.

The assets put up for sale last month cover an area of 162,000 square metres.

In addition to Harmonee 2012, bids in the tender were placed by First Investment Bank (FIBank) and Finance&Consulting.

The sale aims to repay part of OTZK debt to creditors estimated at more than 300 million levs.

Visiting the plant on Saturday, prime minister Boiko Borissov told workers that it will start operations shortly, BTA reported.








Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.