At the sixth public auction held today at the Commercial Court in Osijek, the assets of the failed Đakovo milling and baking industry “Đakovština” d.d. in bankruptcy were sold for 190 million kuna, while the total starting price for today’s auction was 100 million kuna.
Most of the assets, divided into three large technological units, were purchased by the Osijek company “Žito”, the previous lessee of “Đakovština”, which went into bankruptcy at the end of January last year. “Žito” acquired the technological unit Mill and Silos and part of the technological unit Tena, while the namesake bread and pastry factory within that unit was purchased by the Zagreb company “Pan-Pek”, to which “Žito” transferred the lease of Tena in August last year. The technological unit Seed Production was purchased by Croatia banka.
The bankruptcy trustee of the Đakovo company, Perica Mitrović, expresses satisfaction with the price achieved today, as well as the fact that the assets of the bankrupt debtor were sold in less than a year from the initiation of bankruptcy. The satisfaction also stems from the fact that the estimated value of the bankrupt debtor was 277 million kuna, and that the assets sold so far, from today’s and previous auctions, have reached a total price of 220 million kuna. It is estimated that ultimately from the sale, for which there are still a few halls and parcels outside the factory circle remaining, an amount will be achieved that is only about 20 percent less than the estimated value of the bankrupt debtor, says Mitrović, announcing that the final hearing for “Đakovština” could be in May this year, thus concluding the bankruptcy.
