Two bids made for IMR – More valuable one, worth RSD 1.1 billion, to be decided on by board of creditors

A bid worth RSD 1.1 billion has been made for AD Industrija motora Rakovica (IMR) in bankruptcy, which is being sold as a legal entity, the Bankruptcy Supervision Agency announced.

Two bids were made for IMR, which is evaluated at RSD 2.9 billion, and the higher one, worth RSD 1.1 billion, was made by the consortium of Institut za izgradnju grada doo and Hempro ad, both based in Belgrade.

As the offer amounts to under 50% of the estimated value, the board of creditors will have to decide on it.

The most important piece of IMR property is the business complex in the Belgrade municipality of Rakovica, which features 47 facilities within the factory complex, including seven connected halls with 15 facilities and seven warehouses and storage facilities on a total of 75,000 m2.

The property of IMR also includes a hotel and the head office building in Rakovica, but also a production complex in the village of Sljivovica and a complex in the village of Ljubis.

Industrija motora Rakovica a.d. Beograd

Agencija za licenciranje stečajnih upravnika Beograd

Hempro a.d. Beograd

Zavod za izgradnju grada Beograda

AD Industrija motora Rakovica

IMR

Bankruptcy Supervision Agency

ALSU

Institut za izgradnju grada doo Beograd

Hempro ad Beograd

bids for IMR

Šljivovica

Ljubiš

business complex

halls

warehouses

hotel

head office building

production complex