Pavgord Group, which in the past month was considered the most serious investor that should take over the Koksara Lukavac, has informed the bankruptcy administrator of Kosara that it is withdrawing from the process of taking over this company.
In its written decision, Pavgord informed the bankruptcy administrator and the management of Kosara that it is suspending the import of coal and other raw materials as of today, explaining that the decision to abandon the takeover of Koksara was made after an analysis and assessment that the takeover would be economically and commercially unviable.
They explain that in the meantime there has been an increase in the prices of electricity and transport, and Pavgord considers the introduction of a carbon tax from January 1 next year to be particularly worrying, which will have a direct negative impact on the export of Koksara products to the European market.
The management of Kosara briefly commented on Pavgord’s decision for BHRT as surprising.
