Six Companies Conduct In-Depth Analysis of Uljanik

Total Croatia News

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ZAGREB, January 25 (Hina) – The Uljanik Group Board chair, Emil Bulić, said on Friday afternoon that a total of six companies visited the group’s data room which was opened for due diligence until 24 January, and a deadline for their prospective bids expires on Friday evening.

Upon the expiry of the deadline for submission of bids for a strategic partnership on 8pm it will be known which of the interested companies have offered their bids, Bulić said.

He said that based on the current developments and bids received, he did not want to give any false hope. Let us wait until 8 pm to see how serious these bids are, he said.

Asked whether the access to the data room was denied to a previous strategic partner, businessman Danko Končar, Bulić said that no one was denied access.

The supervisory board is due to convene on Friday evening and it is supposed to consider the bids in the coming days.

It is up to the management and the supervisory board to select the future partner, and the communication with the economy ministry is intensive.

Bulić said that they would insist that the Pula-based Uljanik dock and the Rijeka-based 3. Maj dock should remain together in the package offered to strategic partners.

More news on the Croatian shipbuilding industry can be found in the Business section.

 

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