Croatia's Uljanik Plovidba eyes privatisatisation of local shipbuilders.

By bne IntelliNews June 27, 2012
Croatian ship management firm Uljanik Plovidba said it is actively participating in the project for the privatisation of domestic shipbuilding firms 3.Maj and Uljanik together with Economic Cooperation Funds and other interested partners. Since Uljanik Plovidba is a potential client of the two firms, this participation is in line with its 2015 fleet renewable strategy, it said in a Zagreb bourse filing. Uljanik Plovidba pointed out that the final decision on its participation in the ownership structure of the shipyards will be taken after a detailed analysis of the project profitability. It added that in the next few years it would like to build more vessels in local shipyards, namely MR type oil and chemical tankers and Supramax type bulk carriers. Uljanik Plovidba said that it will also intensify the negotiations on the involvement of strategic partners in its development activities. The company's financial and building model will be based on a joint venture with shipyards, as well as on investment credits from Croatian development bank HBOR.

Related Articles

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

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 ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more