At Least Two Offers Expected for Uljanik Shipyard

Total Croatia News

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ZAGREB, January 23, 2019 – Economy Minister Darko Horvat said before a cabinet meeting on Wednesday that the government expected at least two offers from strategic partners for the Uljanik Group by Friday.

“Friday will be the day during which we will receive at least two offers. How serious these offers will be… We will give the opportunity to the management to open and analyse the offers on Saturday and present them to the Economy Ministry at 11 am Monday,” Horvat said, adding that a meeting with unionists and the management would be held at the ministry on Tuesday.

Asked if that meant that by the end of next week the public would know the name of the new owner of the Uljanik Group, Horvat said no. “I expect the text of these offers to be very complicated. The management will most definitely need time to analyse them,” he added.

He also said the government had not set up a deadline, adding that the public would be updated by the management on Friday or Saturday.

Horvat said investors were interested in Croatia’s shipbuilding industry, but declined to talk details.

Due to great interest from potential investors, the deadline for due diligence in the Uljanik dock has been extended from January 18 to January 24, while the deadline for the submission of strategic partnership bids remained unchanged — 2000 hrs, January 25.

More news on the Uljanik shipyard can be found in the Business section.


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