BALKANCAR FIRE SALE STARTS ON OCTOBER 6

News Story
- 2 Oct 2003 ( #127 ) - SOFIA, Bulgaria
1 min read
The first tender for the individual parts of Bulgarian forklift maker Balkancar Holding, currently in insolvency, will be held on October 6.

Receiver Boyana Karaivanova told the Bulgarian News Digest the tender would target a portion of Balkancar's spare parts, with bidding starting at 215,000 Bulgarian levs (USD126,044). Balkancar's total spare parts assets are estimated at 24 million Bulgarian levs (USD14.1 million).

Meanwhile, Bulgarian Balcars Consortium is the sole bidder for the state-owned stakes in Balkancar Holding's 14 subsidiaries. Balcars, a consortium set up especially for the privatisation of Balkancar, groups Bulgarian industrial conglomerate Industrialen Kapital Holding and several of its subsidiaries.

Balkancar, once the biggest per-capita forklift maker in the world, produced only 320 forklifts in the first half of this year (Forkliftaction.com News #125).
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