Stenyon charcuterie plant can't find a buyer

The assets of Giurgiu-based Stenyon producer of game meat charcuterie, which went bankrupt last year, were not sold during the first auction organised by the company’s liquidator, though the starting price stood below two million euros, VAT not included. “Nobody attended the auction as there was no buyer at the asking price,” stated Oana Stanica, a lawyer with Management Consult company of Giurgiu, Stenyon’s liquidator. The price included both the value of the over 12,000-sqm plot of land and that of the production unit’s buildings and goods. Also, 12 Dacia, Daewoo and Renault vehicles, totally worth 27,400 euros, VAT not included, were put out for sale. VAT included, the total value of Stenyon assets put up for sale goes beyond 2.2m euros. “At the second auction, in early March, the starting price for the sale of the assets will go down by 20% and should they still not be sold, the price will shrink by another 10% at the third auction,” Stanica also said.