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Paper maker Piszke put on block again, this time for HUF 1.6 bln

Troubled Hungarian paper company Piszke Papír is being put on the block again, this time with an asking price of HUF 1.6 billion, business daily Napi Gazdaság said on Friday.

Piszke Papír, a unit of Greece's Zeritis, halted production at its plant in Lábatlan (N Hungary) in December 2008 and went under liquidation three months later. The company's assets were offered for HUF 5.2 billion in the first tender. Several more have followed, all unsuccessful.

Bailiff András Ecsedi told the paper there were several interested parties in the previous tender.

Claims on more than HUF 10 billion in liabilities have been made against the company.