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Italy’s Palumbo shows interest in Croatia’s Uljanik Brodogradilišta restructuring

Uljanik, Croatia (PortSEurope) January 3, 2018 – Italian shipbuilder Palumbo Group S.p.A. has signed a letter of intent with Croatian sector player Uljanik Brodogradilišta to participate in the procedure for the restructuring and diversification of the activity of the latter.

The letter represents the second expression of interest in the project for the recovery of Uljanik Brodogradilišta. On December 12, the Croatian company signed a letter of intent with local investment group Kermas Energija, which acquired shipbuilder Brodotrogir in 2013.

Palumbo has recently agreed on a six-month operation of the business unit of insolvent company Mondomarine that manages the Savona shipyard.

Palumbo is in the shipbuilding industry, specialising in custom yacht construction and unique repair capabilities. Palumbo today represents a major refit and repair network in the Mediterranean.

It has a network of five shipyards in the heart of the Mediterranean, one in the Atlantic ocean, two new build sites, 14 docks of which one represents the second largest dock in Europe.

Uljanik is a shipbuilding company and shipyard in Pula, Croatia.

Source: InforMare

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