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Kuzey Star Shipyard acquires Uljanik brodogradnja 1856
The Turkish shipyard Kuzey Star Shipyard has signed an agreement to acquire a 97.13 percent stake in the Pula-based company Uljanik brodogradnja 1856. The deal is valued at over 12 million euros, exceeding the initial asking price of approximately 11 million euros.
As part of the agreement, the new investor has committed to maintaining shipbuilding and ship repair activities at the Pula site, covering the entire maritime area included in the concession. The acquisition aims to modernize production processes and focus on the development of hybrid and environmentally friendly vessels to support the green transition.
Croatian Minister of Economy Ante Šušnjar described the sale as a turning point that could signal a renaissance for the national shipbuilding industry, moving away from state subsidies toward profitable, private-sector-led growth. The investor intends to preserve the company's 170-year tradition while restoring its competitiveness within the European market.
Entities
Ante Šušnjar · Kuzey Star Shipyard · Pula · Tuncay Imral · Uljanik Brodogradnja 1856
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] The contract is worth slightly more than 12 million euros. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [● 4 SOURCES] The investor committed to continuing shipbuilding, vessel repair, and all related activities in Pula. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [● 4 SOURCES] The sale involves four business shares representing 97.13 percent of the company's core capital. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [● 4 SOURCES] Tuncay Imral, Chairman of the Board of Kuzey Star Shipyard, signed the contract. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [● 4 SOURCES] Minister of Economy Ante Šušnjar stated the Center for Restructuring and Sale accepted the Turkish offer because it was the highest. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [● 4 SOURCES] Kuzey Star Shipyard is purchasing 97.13 percent of the core capital of Uljanik brodogradnja 1856. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [● 4 SOURCES] Milan Plećaš, director of the Center for Restructuring and Sale, signed the contract. ogportal.com · glas-slavonije.hr · n1info.hr · www.novilist.hr
- [○ 1 SOURCE] The investor plans to invest in new technologies, including hybrid and environmentally friendly ships. www.novilist.hr