Independent journal on economy and transport policy
01:26 GMT+2
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The Brodosplit ship yard will be acquired from industrial group Croatian DIV
Rejected the offer for the plants Brodotrogir and Kraljevica
March 26, 2012
Past thursday the government of Croatia has given the go-ahead free to the cession of the Brodosplit ship yard to industrial group Croatian DIV d.o.o., while it has rejected the offer for the acquisition of the two ship yards Brodotrogir and Kraljevica introduced from the Jadranska Ulaganja, society of the Croatian entrepreneur Danko Koncar who previously had renounced to acquire the yard 3.Maj. Moreover the executive has decided to privatize and to restructure the Uljanik ship yard involving the dependent in the recapitalization of the society.
The executive has announced that the plant of Kraljevica will declare failure, while other possibilities for the restructure of the Brodotrogir yards will be examined over 90 days and 3.Maj.
The union of the metal worker and mechanics Sindikat Metalaca Hrvatske (SMH) has manifested satisfaction for the privatization of the Brodosplit yard, but it has evidenced that the cession is decided under the sword of Damocles of the failure and therefore has sped up the competent government and ministries to watch with the union the performance of the program of restructure of the yard. According to SMH, the choice to resort to the failure it is in any case a "bad solution" as - it has explained the union - "for the Croatian law failure means liquidation".
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