The Plovdiv-based medical device company BTL Industries has bought the electric bicycle production facility in Kuklen, owned by the insolvent company “E-Velox” Ltd. The deal is worth €17,450,000, and the new owner plans to build a medical equipment and apparatus plant at the complex.
The auction was held at an initial price of €17,424,000, set at 80% of the market valuation of the property. This was the second attempt to sell the facility. In the first procedure, the initial price was €21,780,000, or €4,356,000 higher.
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