Sale of Aha Mura Prvi Maj falls through

Miroljub Dimitrijevic, trustee in bankruptcy of Aha Mura Prvi Maj, said the attempt to sell the company will probably be unsuccessful, as Ferrari Investment East Europe and its Hong Kong subsidiary failed to pay the deposit by the deadline and are silent on the matter.

The value of the Pirot-based company’s property has been estimated at RSD631m (US$5.6m).

For the full story, see the December 2016 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE