Kein neuer Investor für das Bankrotten Bulgarischen Stahl Werk: Kremikovtzi

Wenn erfahrene Investoren wie Pramod Mittal, scheitern – ist die Lage sehr ernst.

Auction of Bulgaria Steel Giant Fails

| 13 September 2010 |

 

Bulgaria's Kremikovtzi Plant

Bulgaria’s Kremikovtzi Plant

An auction of the Bulgarian steel maker Kremikovtzi has failed after no bidders showed interest in the insolvent plant.

The sale, scheduled for Monday, aimed to sell that company’s assets at a starting price of nearly 566 million lev (€283 million), but no companies registered to take part in the bidding, said Tsvetan Bankov, the factory’s receiver.

The only condition for potential buyers was to pay a 10 per cent deposit in advance.

A second auction is to be organised for about two months time, but the state will be forced to lower the starting price by 20 per cent.

The steel maker, which has debts of about 2 billion lev (€1 billion), was declared bankrupt in May.

Previously, Kremikovtzi was owned by Indian businessman Pramod Mittal.

Delta Holding macht Kasse in Serbien: Maxi will sold by end of year

Dragica Pusonjic | 15. 09. 2010. – 00:02h | Komentara: 0

We will conclude the negotiations regarding the sale of up to 50 per cent of the shares of the Maxi supermarket chain by the end of this year and that is when we will know if we have new partners. Besides Delhaize of Belgium, we have received bids from multiple investment funds from both the EU and the USA. The reason for the sale does not lie in financial difficulties, as there are none. Across the globe, capital is put on market at the moment when it’s worth the most, when partners ask for it and when the move is in line with strategic development plans. We have such in Serbia, the region and in new markets,” Jelena Krstovic, director of corporate communications at Delta Holding, says for Blic.

Krstovic Jelena
Krstovic refused to disclose any details of the potential partners and the percentage of shares they are prepared to buy out, as it would breach the agreement on the confidentiality of all negotiations.

– “This is a landmark year for us. On 12 December we are marking ten years since the founding of Maxi, while next year on 4 February it will have passed two decades since the founding of Delta. We have shown longevity in turbulent times because the company is not managed by a single man, but a system. An management organization such as this one is the only one which has proved to be successful anywhere in the world,” added Krstovic.

Have there been any failures by Delta?
– “There have been some gaffes in terms of business decisions and staff acquisitions. Not all businesses are for every moment.”
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Blic

Delta owner sues former associate?
19 July 2010 | 10:18 | Source: B92
BELGRADE — Delta Holding President Miroslav Miškovic has filed charges against former associate Milka Forcan, according to local media.


A file photo of Forcan and Miškovic (FoNet)

Miškovic, Serbia’s best-known tycoon, is suing Forcan over unresolved issues regarding the ownership of the Delta Maxi retail unit of the country’s largest privately-held company, but also over the business moves she made in in the Jugohemija company.

Several Belgrade dailies wrote that Miškovic has filed charges, but also, that Forcan would counter-sue.

Ownership issues between Miškovic and Forcan and her family have led to the break-up of the dominant Serbian business partnership two months ago.

According to media reports, Miškovic wished to sell Delta Maxi in its entirety to a Belgian company, but Forcan and her sister, who have shares in the company, did not agree to do so. The two allegedly contest their ownership share.

Reports also state that Forcan transferred some property of Jugohemija to another company. She is the head of the board of directors in Jugohemija, while her sister is the general director.

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Delta owner ( Miroslav Miškovic )sues former associate? 

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