The Republic of Croatia has initiated the sale of nearly its entire stake in the Pula shipyard, known as Uljanik Brodogradnja 1856, through a public tender process. The Center for Restructuring and Sales (CERP), acting as the legal representative of the Croatian government, announced the call for binding offers for four business shares that collectively hold approximately 97.13% of Uljanik Brodogradnja 1856. This move comes after the government acquired a majority shareholding in the company earlier this year.
According to the public tender, interested buyers are required to ensure that shipbuilding remains an ongoing activity on the entire maritime property under the shipyard’s concession. The nominal value of these business shares owned by the Republic of Croatia amounts to 34.38 million euros, but the starting price set by CERP for their acquisition is 11.08 million euros. This decision follows a government decree issued in March 2024, which allowed the state to purchase 54.77% of the shares in Uljanik Brodogradnja 1856 from the liquidation proceedings of Uljanik Brodogradište. As part of this agreement, CERP was tasked with initiating the sale of the business shares once the shipyard had completed the handover of two new constructions and repaid loans to the Croatian Bank for Reconstruction and Development.
Samir Hadžić, director of Uljanik Brodogradnja 1856, stated that the announcement aligns logically with the government's 2024 decision. However, he expressed the belief that given the changing global landscape, reconsidering the decision might be necessary due to the importance of future projects for Croatia. He emphasized that commenting on the outcome of the public tender at this stage would be premature, noting that they are waiting to see whether there will be interested parties and whether the decision might change. According to Hadžić, the company currently employs around 300 workers, and within the concession area managed by the company, two additional companies operate with an additional 200 employees.
Currently, employees of Uljanik Brodogradnja 1856 are engaged in the construction of vessel number 526, a ship designed for transporting live cargo. Additionally, just over a month ago, the Pula shipyard signed a strategic cooperation agreement with the Spanish shipbuilding and defense company Navantia. This agreement is part of activities related to the production of multi-purpose corvettes for the Croatian Navy, where Navantia offers the platform Avante 2200/ALFA 3000. Hadžić mentioned that the company also has other smaller projects and stressed that the government does not provide them with anything, emphasizing that they are market-oriented and stand on their own feet.
The deadline for submitting bids is August 18, 2026, at noon. Only those who obtain the bidding documentation within this timeframe will be eligible to submit their proposals. Bidders must also provide a bid guarantee amounting to 110,000 euros, either by depositing the sum into CERP's account or attaching a bank guarantee from a domestic or foreign bank. Incomplete bids or those submitted outside the specified deadline will not be considered. Ultimately, CERP reserves the right to reject all received bids if none meet their criteria.
The sale of Uljanik Brodogradnja 1856 marks a significant shift in the ownership structure of one of Croatia's most important industrial enterprises. With the government holding a majority stake following the acquisition in early 2024, the decision to sell off nearly all of its holdings represents a major step towards privatization. This move could have far-reaching implications for the future direction of the shipyard, particularly considering the recent strategic partnership with Navantia and the ongoing construction of vessels for both commercial and military use.
The public tender process is expected to attract interest from various potential buyers, including private investors and international companies looking to enter the Croatian shipbuilding market. Given the current economic climate and the strategic importance of maintaining a robust shipbuilding industry, the response to the tender will likely reflect broader trends in industrial investment and national economic policy. The final outcome of the tender will determine whether the shipyard continues to operate under new ownership or faces potential restructuring or closure.
As the deadline approaches, the focus will remain on how the tender process unfolds and the subsequent decisions made by CERP regarding the acceptance of bids. The involvement of multiple stakeholders, including the government, the shipyard management, and potential bidders, underscores the complexity of the situation and the significance of the upcoming developments. The success of the tender will depend largely on the willingness of interested parties to commit resources and take on the responsibilities associated with acquiring such a substantial portion of the shipyard's equity.
5 reports
HRT (Hrvatska radiotelevizija)State / PublicCenterFactual 95Objective 9019 days agoThe Center for Restructuring and Sales (CERP), acting as the legal representative of the Republic of Croatia, has issued a public call for bids to acquire four business shares in Uljanik Brodogradnja 1856, which hold approximately 97.13% of the company. The starting price for the acquisition of these state-owned shares is set at 11.08 million euros. The nominal value of the shares owned by the Republic of Croatia is 34.38 million euros. The government acquired a majority stake in Uljanik Brodogradnja 1856 after taking over 54.77% ownership through a decision made in March 2024. The same decree
Bias read (Center): The article presents factual information about a government-led asset sale process without overtly favoring any political side. It includes quotes from both the CERP and the company director but does not frame the event with strong ideological language or selective sourcing.
Why these scores (Factual 95 · Objective 90): The article provides detailed and specific information about the public tender for the purchase of shares in Uljanik Brodogradnja 1856, including figures like 97.13% ownership, 11.08 million euro starting price, and references to government decisions from March 2024. The facts align with the cross-s
tportalIndependentCenterFactual 95Objective 9019 days agoThe Center for Restructuring and Sale (CERP), acting as the legal representative of the Republic of Croatia, has issued a public call for binding offers for four business shares representing approximately 97.13% of Uljanik Shipbuilding 1856. Interested buyers are required to maintain shipbuilding operations across the entire maritime asset held under concession by the Pula shipyard. The nominal value of these shares owned by the Republic of Croatia is €34.38 million, with an initial purchase price set at €11.08 million by CERP. The Croatian government acquired a majority stake in the company,
Bias read (Center): The article provides factual information about the sale process of shares in Uljanik Shipbuilding without overtly favoring any political side. It reports on the government's actions and the conditions for the sale but does not include biased language, one-sided sourcing, or editorializing.
Why these scores (Factual 95 · Objective 90): The article accurately reports the sale of Uljanik shares by the Croatian government through CERP, including the initial price and conditions for buyers. It includes direct quotes from Samir Hadžić and provides relevant background on the ownership transfer. The only minor deduction is due to an inco
Telegram.hrIndependentCenterFactual 95Objective 9019 days agoThe Croatian government, through the Center for Restructuring and Sales (CERP), has issued a public invitation for bids to purchase four business shares in Uljanik Brodogradnja 1856, which collectively hold approximately 97.13% of the company. The nominal value of these shares is €34.38 million, with an initial offer price set at €11.08 million. The government acquired a majority stake in the company in March 2024 by purchasing 54.77% from Uljanik Brodogradište in receivership. The sale process follows the completion of two new shipbuilding projects and the repayment of loans from the Croatian
Bias read (Center): The article presents factual information about the government's decision to sell shares in Uljanik Brodogradnja, including details about the bidding process, share values, and the background of the government's acquisition. There is no overtly biased language, one-sided sourcing, or emphasis on a特定的
Why these scores (Factual 95 · Objective 90): The article accurately reports the sale of Uljanik shares by the Croatian government through CERP, including the initial price and conditions for buyers. It includes direct quotes from Samir Hadžić and provides relevant background on the ownership transfer. The only minor deduction is due to some in
N1 HrvatskaIndependentCenterFactual 95Objective 9019 days agoThe Center for Restructuring and Sale (CERP), acting as the legal representative of the Republic of Croatia, has issued a public call for binding offers for four business shares representing approximately 97.13% of Uljanik Shipbuilding 1856. The public notice states that interested buyers must maintain shipbuilding as an activity across the entire maritime asset held by the Pula shipyard under concession. The nominal value of these business shares owned by the Republic of Croatia is 34.38 million euros, with an initial purchase price set at 11.08 million euros by CERP. The Croatian government,
Bias read (Center): The article provides factual information about the sale process of Uljanik Shipbuilding without overtly favoring any political side. It reports on the government's actions and the conditions for potential buyers but does not include biased language, one-sided sourcing, or editorializing.
Why these scores (Factual 95 · Objective 90): This article presents the same facts as article 0 with identical details about the share sale, initial price, and buyer requirements. It also includes the same quote from Samir Hadžić. The content is accurate but slightly repetitive with some minor formatting issues.
Net.hrIndependentCenterFactual 95Objective 8819 days agoThe Center for Restructuring and Sales (CERP), acting as the legal representative of the Republic of Croatia, has issued a public call for binding offers for four business shares representing approximately 97.13% of Uljanik Brodogradnja 1856. The nominal value of these shares owned by the Republic of Croatia is 34.38 million euros, with an initial purchase price set at 11.08 million euros. The Croatian government acquired a majority stake in the shipyard in March 2024, purchasing 54.77% of the shares. CERP has been tasked with selling the business shares after the shipyard completes the hand交接
Bias read (Center): The article presents factual information about the sale of shares in a state-owned shipyard without overtly favoring any political side. It includes quotes from officials but does not frame the event with clear ideological bias.
Why these scores (Factual 95 · Objective 88): The article accurately conveys the information about the sale of Uljanik shares, including the initial price and buyer requirements. It includes the same quote from Samir Hadžić. Slight reduction in objectivity due to a brief mention of a 'sporazum o suradnji sa španjolskom komp' which appears cut o
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