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Kremikovtzi fail.

A tender for assets of insolvent Bulgarian steel mill Kremikovtzi on February 6 failed after no bids were placed, the plant's receiver said. "A new tender will be called with a call price equivalent to 80 per cent of the starting price in this tender which failed," Kremikovtzi's receiver Tsvetan Bankov told SeeNews corporate wire, but could not give a date for the next sale attempt. The starting price in the tender was set at 395 million leva. Candidate buyers were invited to place bids for the production site and all assets associated with the production activities of the plant, according to a tender notice, published on the company's website. Two previous tenders called in September and November also failed to draw bidders.

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Title Annotation:COMPANY BRIEFS
Publication:The Sofia Echo (Sofia, Bulgaria)
Date:Feb 11, 2011
Words:123
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