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Slovenia's Radeče Papir to be Auctioned
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Radece, Slovenia 01 August 2013 -- Creditors are making another attempt to sell Slovenia's insolvent security and graphic paper manufacturer Radeče papir .

Slovenia's security and graphic paper manufacturer Radeče papir is going on the block again. A new public auction for the entire business entity of Radeče papir will be held in September, according to information from the insolvency administrator's office. The auction would probably take place at the end of September, but the exact data was still to be determined, a spokesperson explained. The starting auction price is set at €2.5m.

A previous attempt to auction off Radeče papir in November last year failed. In fact, the auction did not even take place as none of the potential buyers had lodged the deposit required. The starting price at the November auction stood at 6.2 Mio €.

 


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