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The Final End: the Assets of Yugoslavia's Largest Textile Giant Are Being Sold
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After more than a century of business and years of agony, the former textile giant Varteks is entering the final phase of bankruptcy proceedings. The Commercial Court in Varaždin has determined the value of Varteks' real estate and land in bankruptcy at 18.4 million euros and announced the conclusion of their sale. This move practically begins the sale of the company's assets, which for decades was a symbol of the industrial power of Varaždin an…
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