Brodosplit and Fincantieri Make Offer for Uljanik Shipyard

By 26 January 2019

ZAGREB, January 26, 2019 - Brodosplit, in partnership with Italy's Fincantieri Group, has made an offer for the restructuring of the ailing Uljanik shipbuilding group, the Split-based shipyard announced on Friday evening.

"We can confirm that Brodosplit, in partnership with the Fincantieri Group, today submitted a bid for the restructuring of the Uljanik Group," Brodosplit said in a brief statement.

The company said it could not discuss details of the offer before it was examined by the management of the Uljanik Group and relevant state institutions. Brodosplit has earlier signed several cooperation agreements with the Italian group.

The CEO of the Pula shipyard, Emil Bulić, said earlier on Friday that six companies had conducted due diligence at the shipyard, based in the northern Adriatic city of Pula. The process was completed at 6pm and the deadline for the submission of a binding offer expired at 8pm on Friday.

Uljanik's management are expected to present the offers to Economy Minister Darko Horvat on Monday.

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