Lead and Zinc Complex in Kardjali sold for BGN 8.6 mln

The assets of the Lead and Zinc Complex in Kardjali were purchased for BGN 8.6 mln by Harmony 2012 at the public tender on Friday. The company will acquire almost the entire plant, the ancillary workshops and half of the land plot on which the enterprise is located. The initial tender price was BGN 8,307,593.

The other bidders in the tender were Finance and Consulting and First Investment Bank (FIB), which was entitled to participate in the bidding as an interested party, without submitting an offer. They offered BGN 8.4 mln and BGN 8.5 mln, respectively. If Harmony 2012 fails to remit the purchase price within a week, the candidate with the second highest bid, i.e. FIB will acquire the assets of the lead and zinc smelter.

The Commercial Register shows that Harmony 2012 was established on June 12, 2012 and a sole shareholder of the company’s capital is Harmony Holdings Limited, registered in the Virgin Islands and managed by 32-year old Ilian Bozhidarov, claims Mediapool.

According the private bailiff Rosen Sirakov who conducted the tender for the sale of the enterprise’s assets, interest towards the smelter was also shown by US investors, the London Exchange and even Indians.

The Lead and Zinc Complex in Kardjali was put up for sale on August 13. The tender was invited after its owner Valentin Zahariev stopped servicing his bank loans and FIB won a lawsuit against him, obtaining a writ of execution.

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