Urals | Real estate

Dzerzhinsky Machine dumps assets to pay off $27.5m debt

2 Oct '08
Perm-based Dzerzhinsky Machine Building Factory, which is going bankrupt, has announced an auction to sell yet another major asset, the firm said earlier today.

Earlier Dzerzhinsky Factory already sold part of its non-core assets.

The auction to be held on October 22 will start at $8m.

The factory intends to sell as a single lot its management office building, boiler house, locomotive shed with railway tracks, water tower and equipment for chain saw manufacture, sources in the firm said.

In so doing the factory hopes to get enough funds to pay off its $27.5m debt.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Tags: bankrupt (80) / auction (231) / Dzerzhinsky Machine Building Company (0) /

Latest News: Urals
15 Sep '14 | Materials, extraction | Technology & innovation
21 Aug '14 | Real estate | Technology & innovation
22 May '14 | Industry, manufacturing | Technology & innovation
 

Feature stories

4 Sep '14
Scientists from Kazan National Research Technological...
Search (News archive - 18841)
Russian Venture Capital Market Overview

Latest News

23 Sep '14
A sizable nuclear fuel producer in Zheleznogorsk...
22 Sep '14
Scientists in St. Petersburg appear to have developed...

Most read stories from last week

22 Sep '14
22 Sep '14
Scientists in St. Petersburg appear to have developed...