economy
February 28, 2026
Forbes Serbia: American company seizes Pančevo Azotara on executor's order
On February 25th, a lien was registered on Pančevo's Azotara due to the current owner's debts, which could lead to the factory being sold to settle the claim, according to data from APR registers, as revealed by Forbes Serbia.
TL;DR
- A lien was registered on Pančevo's Azotara on February 25th by the American company Nitron group LLC.
- The lien was due to a debt of $16.7 million owed by Azotara's owner, Promist doo.
- An initial court order allowed for the seizure and sale of Promist's 100% stake in Azotara.
- Promist's bank accounts were blocked from February 19th to 26th for an amount corresponding to the debt to Nitron.
- The court overturned the seizure order on February 26th after Promist filed an appeal.
- Nitron confirmed the debt still exists, claiming the total owed is $23.5 million, and insists the lien is still registered.
- Nitron had initiated two separate legal proceedings against Promist, one for $16.7 million and another for $6.8 million.
Continue reading the original article