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Croatia's Uljanik majority stake in shipyard 3. Maj fails to attract buyers

Aug 31, 2022, 4:27:54 PMArticle by Annie Tsoneva
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August 31 (SeeNews) - Croatian shipbuilding company 3. Maj Brodogradiliste [ZSE:3MAJ] said on Wednesday that a public call for expressions of interest for the purchase of an 88.27% stake in it held by shipbuilder Uljanik, which is undergoing a bankruptcy procedure, failed to attract any potential buyers.

Croatia's Uljanik majority stake in shipyard 3. Maj fails to attract buyers
Croatia's shipyard 3. Maj. Photo by the Croatian economy ministry.

No letters of intent were submitted with regard to the public call, 3. Maj said in a filing to the Zagreb bourse.

The deadline for submission of interest expired earlier on Wednesday.

Uljanik's stake in 3. Maj consists of 1,249,568 regular series A shares, which are listed on the Zagreb bourse, and 350,000 regular series B shares, which are not listed.

The equity capital of 3. Maj is 181.2 million kuna ($25 million/24 million euro).

The Rijeka-based 3. Maj reported a net loss of 114.1 million kuna for 2021.

3. Maj's shares last traded on the Zagreb bourse on August 23 when they closed flat at 14.90 kuna.

(1 euro=7.520 Croatian kuna)

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