Bora company auctions assets worth millions amid bankruptcy

The Banja Luka-based company Bora, currently in bankruptcy, has put a business facility and land in Banja Luka up for sale. The property is valued at 3.92 million KM, with the first auction scheduled for October 28. The minimum sale price for the first bidding round is set at 1.96 million KM.

Bora previously managed significant portfolios and recorded annual revenues in the tens of millions of marks. The company was formerly part of the Austrian HETA structure before transitioning through international transactions to a system connected with APS. As of September 2023, the owner is Anis Aganović. Bankruptcy proceedings were officially opened in October 2024.

This sale is part of a larger liquidation of assets exceeding 7 million KM. Other properties involved in the bankruptcy include a building with nine apartments in Neum, valued at 2.3 million KM, and a production complex in Kiseljak valued at 1.066 million KM.