economy
February 11, 2026
Former Yugoslav company up for auction
According to court decisions, the properties will be sold through electronic public auctions, with the provision that at the first auction, none of the offered properties can be sold below three-quarters of the assessed value.
TL;DR
- Varteks' properties and land, valued at 18.4 million euros, are to be sold via electronic public auctions.
- The first auction has a minimum price of three-quarters of the assessed value, decreasing in subsequent rounds.
- Buyers are responsible for all costs and taxes.
- A 10% deposit is required to participate in the auctions.
- The Republic of Croatia, local authorities, and specific creditors hold pre-emptive purchase rights on some properties.
- Varteks ceased production in January 2023 and entered into bankruptcy in July 2024.
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