Serbia’s Bankruptcy Supervision Agency is inviting bids for the purchase of assets of insolvent textile company Iris, the agency said.

The estimated value of the assets of Iris put up for sale stands 302 million dinars ($3 million/2.6 million euro), the Bankruptcy Supervision Agency said in a notice.

The deadline for the submission of bids is October 3.

A deposit of 60.4 million dinars is required to participate in the tender.

The agency carried out several unsuccessful attempts to sell the assets of Iris after declaring the company insolvent in July 2010.

Source; SeeNews

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