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Croatian Competition Agency assessing plans for restructuring shipyards

ZAGREB, March 23 (Hina) - The Croatian Competition Agency (AZTN) said it is confident that it can complete the procedure of assessing the restructuring programmes for the three remaining shipyards, adding that the programme for Brodotrogir could be endorsed as early as April.

The pace of the completion of this process depends on how much interested investors are willing to accept recommendations and objections from the agency, such as guarantees for their own funds in the amount of up to 40 percent and a reduction of shipyards' capacities, the AZTN said in a statement on Wednesday.

As for Brodotrogir these dilemmas have been removed, and after Brodosplit, whose plan for the dock's restructuring was okayed in late February, Brodotrogir can be the second dock with the agency's greenlight to it restructuring programme.

Additional consultations should be held for the Kraljevica shipyard and the Rijeka-based 3. Maj shipyard.

The agency said the job for the Split-based shipyard was not over yet, as the procedure continues until the Samobor-headquartered DIV, which offered its tender for the Split dock, acquires the company.

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