Newly set up Bulgarian co buys insolvent electric motor plant Elma for 1.1 mln euro
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SOFIA (Bulgaria), July 13 (SeeNews) – A recently-registered Bulgarian real estate company, Solid-85, has won an auction for the sale of insolvent electric motor plant Elma, offering to pay 2.15 million levs ($1.2 million/1.1 million euro) for its assets, the plant’s administrator said on Wednesday.
The starting price in the auction was set at 1 million levs, the plant’s administrator Rosen Miloshev told SeeNews by phone.
Apart from Solid-85, bids were filed by textile company Kali…
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