{"id":36034,"date":"2025-11-20T16:22:50","date_gmt":"2025-11-20T15:22:50","guid":{"rendered":"https:\/\/www.adriaports.com\/uncategorized\/only-one-bid-submitted-for-rijekas-3-maj-shipyard\/"},"modified":"2025-11-24T19:25:11","modified_gmt":"2025-11-24T18:25:11","slug":"only-one-bid-submitted-for-rijekas-3-maj-shipyard","status":"publish","type":"post","link":"https:\/\/www.adriaports.com\/en\/shipyards\/only-one-bid-submitted-for-rijekas-3-maj-shipyard\/","title":{"rendered":"Only one bid submitted for Rijeka\u2019s \u201c3. Maj\u201d shipyard"},"content":{"rendered":"

TRIESTE –<\/strong> Iskra Brodogradili\u0161te of \u0160ibenik<\/a> is the only company to have submitted a valid offer for the new \u201c3. Maj 1905\u201d, the company that owns the Rijeka shipyard<\/strong>.
\nThe sale, however, remains hindered by the ongoing legal dispute brought by the bankruptcy trustee over the previous change of ownership<\/strong>.<\/p>\n

Iskra Brodogradili\u0161te of \u0160ibenik, controlled by the Slovenian group Iskra, filed the only compliant bid for the purchase of \u201c3. Maj 1905\u201d. The offer \u2014 \u20ac6.6 million, matching the starting price set by the Croatian State\u2019s Centre for Restructuring and Sale (CERP)<\/strong> \u2014 was submitted within the deadline. Another offer was reportedly lodged but rejected for not meeting the requirements.<\/p>\n

The sale process is nevertheless conditioned by the appeal filed by the bankruptcy trustee of the former \u201c3. Maj\u201d, who disputes the way the Croatian State took control of the company through credit compensations. The trustee has asked the Commercial Court of Rijeka to issue an interim injunction blocking the transfer of shares<\/strong> in the new company, creating uncertainty that must be resolved before any purchase agreement can be concluded.<\/p>\n

So far, only the presiding judge has been appointed, while the timeline for the proceedings remains open.
\nCERP \u2014 as Croatian media have pointed out \u2014 has 120 days to make a final decision, the same period during which Iskra\u2019s offer will remain valid<\/strong>. The company acknowledges the legal risk, but Roko Vuleti\u0107, president of the \u0160ibenik yard, believes the issue must be resolved by the State before signing.<\/p>\n

The decision to submit a bid was reportedly encouraged by the shipyard\u2019s potential projects and their possible use in naval \u2014 including military \u2014 programmes. The \u201c3. Maj 1905\u201d company, now debt-free thanks to the \u201cbad company\u201d operation and operating on a balanced footing<\/a>, is nonetheless in need of structural investment after years of limited spending.<\/p>\n

The Croatian government allocated an emergency \u20ac1 million loan in the summer for repairs and equipment, while the industrial plan focuses on continuing collaboration with Scenic (Australia)<\/a> and likely on military construction.<\/p>\n

The Iskra group, owned by the \u0160e\u0161ok family, is active across several industrial sectors and has strengthened its presence in Croatia in recent years through various acquisitions.<\/strong> Its entry into shipbuilding began in 2019 with the takeover of the \u0160ibenik yard, which was rescued from bankruptcy and restored to profitability with around 180 direct employees and up to 70 external contractors. Interest in Rijeka thus fits into a broader growth strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"

TRIESTE – Iskra Brodogradili\u0161te of \u0160ibenik is the only company to have submitted a valid offer for the new \u201c3. Maj 1905\u201d, the company that owns the Rijeka shipyard. The sale, however, remains hindered by the ongoing legal dispute brought by the bankruptcy trustee over the previous change of ownership.<\/p>\n","protected":false},"author":2,"featured_media":28515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-36034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipyards","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nOnly one bid submitted for Rijeka\u2019s \u201c3. 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