Uljanik Pula (Photo: Dusko Marusic/PIXSELL) Uljanik Pula (Photo: Dusko Marusic/PIXSELL)

Brodosplit and their Italian partner Fincantieri are aiming to secure the long-term sustainability and competitiveness of the Uljanik and May Third shipyards. Management settled on the Brodosplit and Fincantieri offer, a 70/30 percent share respectively, on late last week after an arduous process.

Debeljak addressed Uljanik's staggering 1.4 billion euros of debts, saying he planned to invest an equal amount into the company's future, but only after the existing debts are cleared.

"Our offer has nothing to do with accumulating any kind of land or real estate but is rather based on shipbuilding and the sustainability of that business. We are not interested in dealing with the past. We are here to concentrate on the future. The question is: Are the current owners or the government going to cover the old debts so that we can come in here and get to work? If that's the case, we would invest that same amount of money into the future of this company - but that's up to the government to decide," said Debeljak.

Source: HRT