Factories in Paide, Peltsam and Jerva-Jany are planned to be sold despite the cooperative management’s statements about the possibility of restoring its activities, although the court has recognized the company’s permanent insolvency.
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According to bankruptcy administrators, preparing to sell the “E-Piim” factories turned out to be more complicated than initially expected. Creditors previously decided to sell the company’s assets as two separate units: the factories in Paide and Peltsam together for an initial price of 80 million euros, and the factory in Jerva-Jany for 8 million euros.
