Assets of Bulgarian lead and zinc producer OtsK offered for sale.

By bne IntelliNews August 14, 2012
Assets of Bulgarian lead and zinc producer OtsK have been put for sale in a bid to raise funds to settle liabilities to the company's creditors and ex-employees, investor.bg reported. The assets offered include land plot, buildings and production units. The starting price is set at BGN 8.3mn and the bidding is open till Sep 13. OtsK is at risk of insolvency and its employees have been protesting over unpaid salaries amounting to over BGN 1.7mn. It has over BGN 300mn in debts. According to earlier reports, Poland's Silesia, part of Impexmetal, was one of the companies that were interested to acquire OtsK. In April, finance minister Simeon Dyankov also said that one Bulgarian and two foreign investors wanted to buy OtsK. OTsK is the countrys second largest lead and zinc producer, accounting for 20% of countrys total lead and zinc output. The plant currently employs 484 workers. Some 100 employees have left since March.

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