The first public call for expressions of interest in the purchase of assets of the Lukavac Coking Plant (Koksara Ltd.), currently in bankruptcy, has been announced, formally launching the monetization process of one of the largest industrial complexes in Tuzla Canton.
Bankruptcy proceedings were opened by a decision of the Municipal Court in Tuzla on November 10, 2025, while the Assembly of Creditors adopted a decision to initiate the sale on February 11, 2026.
The public call outlines three sale models. The first option refers to the sale of the bankruptcy debtor as a legal entity, with an estimated value of 225,854,131 BAM.
The second option involves the sale of the entire asset portfolio as a single unit, valued at 201,264,686.42 BAM.
The third model allows for the sale of individual organizational and production units.
The offered segments include the power plant (Energana), the Maleic Anhydride (AMK) Factory with a solar power plant, the coking unit (preparation, coking, condensation, Battery V), railway transport, the Nitrogen Plant (Azotara), the mechanical workshop and overhaul unit, the filter station, as well as other assets, including land plots and property outside the factory complex.
Interested buyers may submit bids for individual plants or land parcels.
Offers concerning the purchase of the legal entity or the entire asset portfolio are subject to specific conditions. Bidders are required to state the offered price and provide proof of financial capacity.
Prospective buyers must submit a bank certificate confirming solvency over the past six months, a bank statement showing a minimum balance of 500,000 BAM, as well as balance sheets and income statements from the most recent financial reports filed with the Financial-Information Agency.
The sale of the Lukavac Coking Plant’s assets marks an important moment for the industrial sector of Lukavac and Tuzla Canton. For decades, the complex was one of the key energy and chemical production facilities in Bosnia and Herzegovina.
After years of attempts to stabilize operations and attract investors, production was halted – bringing an end to the operations of what was once an industrial giant.
