By Matina Harkoftaki
Alfa Wood Pindos industrial facilities in Grevena tend to become a regular supporter of the electronic auction platform as the high amount of the starting price has led to the previous three auctions being declared barren due to the finding of a bidder who would have given something more. from EUR 27 million, ie the starting price had been set.
The adventures of the company, which is part of the umbrella of one of the largest timber groups in our country, Alfa Wood, based in Larissa, are not new as the industry has been in the vortex of auctions for the last three years. The headache of financial problems, however, had started a little earlier with a peak, however in 2019, a year when the company closed with losses of 6.052 million euros when its turnover reached only 4.821 million euros. The picture of poor performance continued in 2020, which led the statutory auditor to speak of substantial uncertainty in relation to the continuation of its activity as its liabilities exceeded its total assets by 22.85 million euros.
The hammer, therefore, is expected to strike for the fourth time on March 23 for the industrial property in Grevena with the starting price set at 17.562 million euros, quite “clipped” compared to the 27.018 million euros that was initially. It should be noted that this is a plot of land with a total area of 107,646 sq.m., which is located in Magoula in Grevena and in which buildings and industrial facilities have been constructed during the periods from 987 to 2010, which occupy an area of 27,764.98 sq.m. Certainly, the end of the auction did not seem like a possible development in 2004 when Alfa Wood, led by Antonis Adamopoulos, acquired the then wood industry of Grevena Pindos, which later specialized in the production of laminate flooring under the name Alfa Wood Pindos.
ANKER facilities of the Allamani group in Evros and Fthiotida
However, apart from the Alfa Wood Pindos factory, the industrial facilities of ANKER, a company that was affiliated with the former Alfa Alfa Holdings of Apostolos Allamanis’s interests, have also been found in the auction nets. Specifically, on May 14, it is planned to strike the hammer for the facilities of the packaging and adhesive tape company, which was one of the many activities of the diverse group, which was listed on the Greek stock exchange. The starting price has been set at 1.625 million euros while CEPAL Hellas is in a hurry.
This is a plot of land with a total area of 70,000 sq.m., which is located in the municipality of Feron, 25 km outside the city of Alexandroupolis in Evros. Industrial facilities, warehouses and offices of 9,847 sq.m. have been erected on this plot. However, this is not the only ANKER property that has followed the path of the electronic auction as on September 7 it is planned to hammer out industrial facilities located at the 3rd km of the provincial road Atalantis – Skala Atalantis in Fthiotida with a starting price of 2. 03 million euros and I was accelerating CEPAL Hellas.
It should be noted that the property includes a plot of 54,010 sq.m. in which building facilities have been erected.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
