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Two potential partners for Uljanik Shipyard

Zagreb - Economy Minister Darko Horvat and Uljanik shipbuilding group chairman of the board Emil Bulić said on Friday two serious partners were interested in the group and that they were conducting due diligence, with Horvat hopeful that two more partners would express interest by January 25

Zagreb - Economy Minister Darko Horvat and Uljanik shipbuilding group chairman of the board Emil Bulić said on Friday two serious partners were interested in the group and that they were conducting due diligence, with Horvat hopeful that two more partners would express interest by January 25. Horvat said after a three-hour meeting with the management of Uljanik d.d. that he was optimistic, although he realised an official receiver was appointed today to examine the situation in the 3. Maj dock and submit a report to a judge within 15 days, and that a similar situation awaited the Uljanik dock on January 26. Both docks are part of the Uljanik Group.

Horvat said Italy’s Fincantieri and Croatia’s DIV, acting together, and Australia’s Scenic group, which is already building ships in Uljanik, were currently checking data on the state of affairs in the Uljanik and 3. Maj docks. He hopes that at least one or two concrete financial offers for a strategic partnership within the Uljanik Group will be made by January 25.

He said the group’s management, the Economy Ministry and everyone involved were trying to find a solution to prevent 3. Maj from going into bankruptcy, adding that an attempt would be made to prevent Uljanik’s bankruptcy too.

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