Serbia: Bankrupt Belgrade Brewing Industry put up for sale

The bankrupt Belgrade Brewing Industry (BIP), whose value is estimated at 4.17 billion dinars, has been put up for sale followed by a public collection of bids, the Agency for Licensing of Bankruptcy Administrators announced on July 19.

The most important assets of BIP in Belgrade include the production complex on Vojvode Radomira Putnika Street in Belgrade, of a total surface area of more than 26,000 square metres, and the juice factory on Zrenjaninski put, which spans over 11,000, reports the Tanjug news agency.

Apart from BIP, in the same package, the Čačak beer and malt factory, commercial facilities in Obrenovac, Kosovska Mitrovica, Alibunar, a shopping centre in Kragujevac and a flat in Budva are also offered for sale.

BIP also sells 12 brands registered in Serbia, including Bg light and dark beer and Russian yeast, as well as three international brands. Also listed as important assets are disputed rights to vinegar products, as well as equipment in production facilities in Belgrade and Čačak.

The deadline for submitting offers for the purchase of BIP is 16 August. Once one of the biggest beer producers in the country, Belgrade Brewing industry has been bankrupt since 2016.

19 July, 2021