Negotiations on the sale of “New Zitopromet” are still ongoing

22.11.2021. / 16:20

BANJA LUKA – “Novi Zitopromet” from Bijeljina was not sold to “Vinarija Kutjevo” from Croatia, because these two companies are still in the negotiation phase.

Photo: CAPITAL

They said that from the law firm Sajić, from which they note that they mediate in this business, and that the information that appeared today regarding the sale is incorrect.

Negotiations are underway, but far from the job being done and the price being known. Negotiations have been going on for a long time and no contract has been signed yet. The two companies connected and asked us to harmonize their wishes. Will the negotiations end successfully, probably yes, but not at the price that is being speculated”He says for CAPITAL lawyer Aleksandar Sajić.

We remind you that the media announced today that “Vinarija Kutjevo” bought “Novi Žitopromet”, referring to the lawyer Miloš Stevanović from Bijeljina.

According to unofficial information that was placed, the company from Bijeljina was sold for the amount between 3.5 and four million euros.

Foča company “Pavgord” bought real estate of “Zitopromet” at the beginning of the year at a price of 3.1 million KM and thus became one hundred percent owner of this former mill-processing giant from Bijeljina.

The new owners then announced that work could begin on March 1, and the mills are launched in mid-July.

It was also announced construction of new plants and creation of new jobs, that in late October, under the pretext of volatile wheat prices on the market, production suspended.

The property was purchased in bankruptcy which is opened in late 2019.

Until then, the accumulated loss of “Zitopromet” was higher than six million marks, and the total liabilities were 5.7 million.

The decision to initiate bankruptcy states that the liabilities of “Zitopromet” are about 2.5 times higher than the current assets, assets that can be liquidated quickly, which is an indicator of illiquidity and insolvency of this company.

CAPITAL: D. Tovilović


Source: Capital.ba – Informacija je capital by www.capital.ba.

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