Polish bankrupt producer of offshore turbine foundations ST3 Offshore stated that the sixth tender for the manufacturing facility sale has lastly attracted bids however due to their shut costs, the winner will probably be chosen in an oral public sale.
For confidentiality causes the bidders’ particulars won’t be made public till the ultimate settlement of the tender, ST3 Offshore stated on Monday.
The trustee was not capable of choose a purchaser as a result of the distinction between the proposed costs of the 2 bids was PLN 2 in opposition to a regulatory requirement of PLN 500,000. Thus, the matter will probably be determined at an oral public sale whose date is to be set by the judge-commissioner.
The manufacturing website of ST3 Offshore, former Bilfinger Mars Offshore, on Ostrow Brdowski island, north of Szczecin, was opened for operation on the finish of 2015, following an funding of EUR 50 million by the founders and EUR 25 million EU financing. It produced metal foundations, transition items and different constructions for offshore wind farms.
After years of losses, the corporate declared chapter on March 31, 2020. Its property are at the moment managed by receiver Natalia Leszczynska. 5 tenders have failed to date to discover a purchaser as a result of no bids have been submitted. The funds obtained will probably be used for creditor compensation and worker receivables.
Bilfinger Mars Offshore was a three way partnership between offshore wind specialist Bilfinger Marine & Offshore Methods and Polish closed-end funding fund MARS. In 2016, German engineering group Bilfinger SE offered its 62.5% stake to investor VTC Group Munich.
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