Aegean, Air Nostrum bid to acquire Croatia Airlines stake
Greece’s Aegean Airlines and Spain’s Air Nostrum have submitted non-binding bids to acquire Croatia Airlines.
The two airline players have submitted their respective offers to the airline’s privatization advisors, PBZ and DVB, without providing further information.
The Government of Croatia has set a deadline to either fully privatize or recapitalize the Croatia Airlines by June 2020. With the offers submitted, the advisors are now set to analyze the offers and pass them on to the company’s management. An inter-agency committee, set up by the state, will then select the best offer if it meets their set requirements.
Country updates
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September 25, 2019
Croatia awards concession to Aquae Vivae for Pucka Kupelj geothermal water
The Government of Croatia awarded the 30-year concession to Aquae Vivae for the use of Pucka Kupelj mineral and geothermal water that the company intends to use for health and recreatio...
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August 09, 2019
Refinancing completed for the Zagreb airport concession
MZLZ Jsc, the consortium responsible for the operation of Zagreb airport has reached financial close on EUR 199.9 million (US$ 224 million) project´s debt financing on August 5, 2019. The consor...
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January 30, 2019
Connecting Europe Broadband Fund invests in new broadband network in Croatia
Connecting Europe Broadband Fund (CEBF) has announced that it has signed a transaction with Vahta d.o.o. (Slovenia) and 3T Cable d.o.o. (Croatia) to set up RuNe Group (Luxembourg) which will be t...
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January 18, 2019
Sale of stake in Zagreb airport concession fails to attract buyers
The Viadukt construction company is reportedly to relaunch the sale of a 5.11% stake in the concessionaire of Zagreb Airport, located in northern Croatia, after receiving no bids. Bids for the stake...
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January 16, 2019
Bouygues wins US$200 million construction contract from Croatian motorway concessionaire
Bouygues Construction has announced that its subsidiary Bouygues Travaux Publics has been awarded a contract to widen a 28.1-kilometre stretch of motorway located in north-western Croatia to four lane...
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