Assets of Bulgaria’s Bio-Oil put up for sale

A private enforcement agent put up for sale assets of Bulgarian biofuels and lubricants producer Bio-Oil at a starting price of 3.19 million levs ($2.09 million/1.63 million euro).

Interested parties can submit bids by May 7 and the winner will be announced on the following day, a notice published on the website of the Bulgarian Chamber of Private Enforcement Agents showed on Wednesday.

The assets include a three-storey commercial building in Bulgarian southern city of Haskovo, covering a total area of 964 square metres.

The proceeds from the sale will go to repay Bio-Oil’s debts to Eurobank EFG Bulgaria.

(1 euro = 1.95583 Bulgarian levs)

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