Brodotrogir d.d.

Sales department (shipyard)
ph. + 385 21 883 - 201
fax. + 385 21 883 - 417
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Sales department (shiprepair)
ph. + 385 21 883 - 303
fax. + 385 21 883 - 406
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Kermas Energy selected as a strategic partner in Uljanik Shipyard recapitalisation

At today's joint meeting of the Management Board and the Monitoring Committee, after consultations with trade unions, a decision was brought about selection of Kermas Energija d.o.o. as the strategic partner in Uljanik Shipyard recapitalisation.

With the selected strategic partner, Uljanik d.d. will approach finalisation and implementation of the Uljanik d.d. Restructuring Programme, according to the Republic of Croatia Government Decision from 11 January 2018. Upon accepting of the restructuring programme, the selected strategic partner will be able to enter the ownership structure of the company, by application and realisation of the General Shareholders' Meeting Decision on the capital stock increase by monetary deposits with complete elimination of priority rights of the existing shareholder and changes to the Charter, brought on 16 February 2018.

"On behalf of the Kermas Group, I would like to thank the Management Board and the Monitoring Committee of the Uljanik Group, as well as the trade unions, for the selection of our company, Kermas Energy, as the strategic partner in recapitalisation and restructuring of Uljanik. We will try to justify your trust in as short a period as possible. With Uljanik and 3rd May, and with integration of Brodotrogir in this respectable shipbuilding group, we in Kermas believe that Croatian shipbuilding will again become an important player on the European shipbuilding scene. Also, we wish to emphasize that in this process a very important role will be played by the Government of the Republic of Croatia, whose announcement of a forthcoming launch of guarantee funds for shipbuilding represents the most serious contribution to this industry in our country thus far. Of course, a major role in this process will be that of CBRD, as well as the latest EIB announcements regarding its readiness to finance construction of new ships", said Mr. Danko Končar.

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