Croatian govt to acquire four companies part of 3.Maj shipyard.

By bne IntelliNews March 22, 2013
The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be possible, news agency HINA reported. Croatian shipyard Uljanik has offered to pay HRK 1 (EUR 0.13) for the 83.3% stake in 3. Maj and to provide HRK 75mn in guarantees for its restructuring plan. However, Uljaniks offer does not concern the four affiliates of 3.Maj. The privatisation contract for 3.Maj is expected to be concluded in May, economy minister Ivan Vrdoljak was quoted as saying. In February, Croatias Metal Workers' Union (SMS-IS) has called for the privatisation of these four companies as there was interest from other potential investors.

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