The best offer to buy Jugoremedia in bankruptcy was given by an investment fund from Switzerland, and whether the Zrenjanin pharmaceutical company will be sold will be decided by the Board of Trustees in the coming days, Committee Chairman Vladimir Pecikoza said in a Tanjug statement. He says that since the procedure is not completed, he cannot say who made the best offer and how much it amounts to.
“Of the three bidders, none are pharmaceuticals or drug makers. The best offer is from an investment fund, which has its representative office in Belgrade, and I assume it is a foreign investment fund”, Pecikoza said.
Bankruptcy Trustee of Jugoremedia Vladimir Savic confirmed that the best offer was given by an investment fund from Switzerland.
“If the Board of Trustees gives its consent, Jugoremedia is sold, if it does not – it has not been sold”, Savic says.
The board of trustees will make a decision in the coming days as Turkey’s top creditors have asked for several days for consultation, Pecikoza says.
In the Board of Trustees, Pecikoza represents workers and private companies from Zrenjanin that cooperated with Jugoremedia, and says that, in addition to representatives of the Turkish company, they also have members of the board and one representative of companies from Vrsac, Novi Sad and Belgrade.
“The decision of the Board of Trustees can be expected in the coming days, and I expect a most positive response, so that Jugoremedia will finally find a buyer and work”, says Pecikoza. He adds that it is an interest for Jugoremedia to work to get people back to work, since the problem is that bankruptcy has been going on for a long time, since 2012.
“Although it is in good condition, water has leaked into some parts of the plant, and the problem is that the bankruptcy trustee no longer has the resources to repair it and pay for electricity and gas”, Pecikoza says, adding that the money from the lease account has been spent .
The sale of Jugoremedia to the Swiss Investment Fund will require at least three of the five members of the Board of Trustees to accept the offer, RTV reports.
