Public Auction for 50% of Troubled Lead/Zinc Smelter Opens Friday

Public Auction for 50% of Troubled Lead/Zinc Smelter Opens Friday

A public auction for the sale of half of the assets of troubled lead and zinc smelter OTZK opened Friday morning.

The auction has attracted only two candidates, the state-run Bulgarian National Television reported.

The starting price is set at 8.3 million levs ($5.2 million/4.2 million euro).

The assets of the smelter in Kardjali, in southern Bulgaria, which have been put up for sale cover an area of 162,000 square metres.

Information about the exact size of OTZK's debts is not available.

According to the company's latest financial report filed with the Bulgarian stock exchange, its long-term liabilities stood at 128.9 million levs, including 93.3 million levs of bank loans, by the end of March. Short-term liabilities totalled 65.3 million levs, including 1.8 million levs in loans.

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.