Auction for the insolvency of Publications Europe-America points to only 15 thousand euros

Publisher founded by Francisco Lyon de Castro in 1945 was one of the largest in Portugal, with sales successes such as “Concise History of Portugal” and “O Erro de Descartes”, but accumulated losses that led to its end.

The minimum value accepted in the auction of movable assets of Publications Europe-America, which was one of the main book publishers in Portugal but was forced to resort to insolvency at the end of 2019, after accumulating two million euros of debts to creditors, is only 15 thousand euros.

According to the announcement of the electronic auction that started at 11:00 am this Monday and runs until 16:00 pm on July 10, carried out by the company A Leiloeira Forense, the lot in question consists of thousands of books, office furniture in poor condition. state, a photocopier and cafeteria supplies. Those interested will be able to visit the auctioned goods, exhibited at the company's headquarters in Mem-Martins, next Thursday, July 2, between 10 am and 00 pm. These facilities are not, however, part of the assets seized from the insolvent.

Founded in 1945 by Francisco Lyon de Castro, Europe-America published books by Portuguese and foreign authors, none of which pleased the Salazar regime, due to leftist sympathies, such as Alves Redol, Gabriel García Márquez, Jorge Amado and Soeiro Pereira Gomes. But it also distinguished itself in the popularization of reading, with many editions of paperback books in genres such as espionage and science fiction or political, social and economic themes.

“História Concisa de Portugal”, by José Hermano Saraiva, and “O Erro de Descartes”, by António Damásio, were among the biggest sales successes of a publisher that published 51 million books by 1.900 Portuguese and foreign authors.

The insolvency of Publications Europe-America was requested to the Judicial Court of the District of Lisbon-West, in Sintra, becoming inevitable because of the two million euros owed to dozens of entities and people such as the Social Security Institute, Santander , Gradiva and the descendants of Francisco Lyon de Castro.

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