Assets of Bulgaria’s Bio-Oil up for sale

The assets of Bulgarian biofuels and lubricants producer Bio-Oil have been placed on the sale block by a private enforcement agent. The minimum bid price has been set at 3.19 million levs (US$2.11 million).
Interested parties were eligible to submit bids by May 7 and the winner was announced on the following day, a notice published on the website of the Bulgarian Chamber of Private Enforcement Agents showed.
The assets include a three-story commercial building in the Bulgarian southern city of Haskovo, covering a total area of 964 square meters.
The proceeds from the sale will go to repay Bio-Oil’s debts to Eurobank EFG Bulgaria.
(April 4, 2013)