Bloomberg News

Croatia Is Seeking Investors in Energy, Shipbuilding in Russia

March 26, 2012

Croatia is looking for investors in the energy and shipbuilding industries in Russia, Deputy Prime Minister Radimir Cacic told state TV last night.

Cacic said he will meet in Moscow this week with representatives of Russian energy companies Lukoil OAO (LKOH), Gazprom OAO (GAZP), and Zarubezhneft OAO, and shipbuilding officials.

“We are open to a huge privatization story,” Cacic said in the TV interview. The government is also interested in selling Petrokemija d.d., Croatia’s biggest manufacturer of fertilizers and clay-based products, he said.

Croatia’s government last week said it will seek solutions to save money-losing shipyards in the Adriatic ports of Rijeka and Trogir, following an unsuccessful tender for the state-owned facilities.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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