Montenegrin steel mill ZEHK for sale at half initial asking price

Wednesday, 04 April 2012 17:44:43 (GMT+3)   |  
       

Montegrin steel mill Zeljezara AD Niksic (ZEHK) has been offered for sale via public auction by its receivership administrator with an asking price of €15 million. Bids must be filed by April 27 and the results of the auction will be revealed on April 30.

As previously reported by SteelOrbis, in January this year ZEHK was put up for auction with a price of €30 million. However, the asking price has now been halved due to lack of interest from prospective bidders.


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