Romanian Bankrupt City Mall Fails To Attract Buyer For Second Time

Bucharest shopping center City Mall failed to attract investors at a second auction following the company’s bankruptcy in November last year and liquidators are looking for alternatives to repay creditors, people familiar with the matter said Monday. The start-up price for the assets of bankrupt City Mall was set at EUR29.5 million, lower than at the previous auction. Investors were supposed to buy documentation for the bid until April 18, while the actual sale was set for April ...

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