Irkutsk region’s $10.8m Kedr plant to be sold for debts
Irkutsk region’s Court Bailiffs Service has announced plans to sell at an auction $10.8m property of an alcohol plant Kedr, pledged as a collateral against bank loan, taken out by the plant owner Grad.
Grad reportedly failed to repay the loan, and the court ruled to arrest Kedr plant’s property, pledged against the loan.
Among the pledged property there are 28 real estate facilities and tenant rights on land sites.