Türkiye’s Kuzey Star Shipyard is set to acquire a 97.13% stake in Uljanik Brodogradnja 1856 for EUR 12.05m, exceeding the EUR 11.08m asking price. Croatia’s state asset agency CERP accepted the binding offer in September, with foreign investment screening required before signing.
Kuzey Star already cooperates with the Pula shipyard on completing livestock carrier Newbuilding 526.
Uljanik previously secured orders for two 5,500-lane-metre RoRo vessels from CLdN in 2016. Both contracts were cancelled in 2019 as the shipbuilder’s financial crisis escalated, with the second cancellation following the opening of bankruptcy proceedings.