The Kavadarci Municipality Council adopted a decision on Thursday to start the procedure for the takeover of men’s basketball club EURONICKEL 2005 Joint Stock Company Kavadarci. With this decision, the Council of the Kavadarci Municipality gives its consent for the initiation of a procedure for the takeover of the men’s basketball club EURONICKEL 2005 Kavadarci Joint Stock Company in its entirety without compensation, 100% owned by the Kavadarci Municipality with obligations at the time of the takeover. The reason is that bankruptcy proceedings have been initiated against the founder of EURONICKEL 2005 Kavadarci.
“Kavadarci for all! Kavadarci Mayor Janchev said in a social media post.
