Financial Ports

Turkey’s Kuzey Star buys Croatia’s Uljanik for €12m

CLAVE 1 / 4€12.05m bid by Kuzey Star wins Uljanik shipyard after bankruptcy proceedings.

CLAVE 2 / 4Turkish buyer commits to retain core shipbuilding activities, including construction and repair.

CLAVE 3 / 4Croatia’s CERP auctioned the yard with a €11.08m minimum price, but only two offers were received.

CLAVE 4 / 4Sale marks the end of restructuring for Uljanik, which employed 250 workers before collapse.

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