First Auction After the New Regulation, at Damen Mangalia. What Is the Start Price and What Happens if, Again, No One Buys
4 Articles
4 Articles
The fourth tender for the sale of the Mangalia shipyard will take place on 1 October, this time using the new regulation accepted by the court. The starting price will be all 184 million euros, but it may be reduced if no bidder is presented.
The irony of Mangalia Naval Shipyard bankruptcy. The value of 184 million euros keeps the buyers at a distance... but the liquidator refuses to leave the priceThe situation of total blockage in the bankruptcy procedure of Damen Shipyards Mangalia SA. The Naval Shipyard arrives this autumn at the...More ...
CITR SPRL Filiala Constanta, judicial liquidator of Damen Shipyards Mangalia S.A., published the announcement on the sale by public auction of the functional asset "Mangalia Naval Shipyard". The industrial platform is offered in block, as a single lot, at a start price of 184,045,760.63 euros, without VAT. A decisive step in the bankruptcy procedure of Damen Shipyards [...]
The Constance Court reasoned on Monday, 7 September, by which it approved the wholesale sale of the functional asset represented by the Mangalia Shipyard, a measure aimed at unlocking the situation of the debtor Damen Shipyards Mangalia SA. The judge's decision allows the valuation of the goods by public tender according to the rules of the Civil Procedure Code, thus giving up the original regulation [...]
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