Angst puts up for sale several commercial spaces following insolvency

Creditors of Angst, one of the oldest meat producers in Romania, in insolvency since April of this year, have approved the auction of five commercial spaces worth EUR 3.6 million, announced Infinexa, the company's judicial administrator.

"The General Meeting of Angst creditors approved the sale of four commercial spaces in Bucharest and one in Ilfov, with a total market value of EUR 3.6 million. The highest market value was assigned to the store at 60 Ion Brezoianu Street - EUR 1.4 million. The one at 1 Colentina Road was valued at EUR 1.2 million, the commercial space at 350 Pantelimon Road at EUR 274,000, and the one at 50 Regina Elisabeta Blvd. at EUR 549,000. The space at 43 Bucharest-Târgovişte Road has an estimated market value of EUR 154,600," the court administrator said in a statement.

The assets will be realized individually, through public auctions, with an increasing price, starting from the value approved by creditors, respectively the market value of the assets realized.