Offers Submitted for Privatisation of Adriatic Shipyard Bijela

The Montenegro’s Tender Commission for Privatisation has opened bids for the state-owned “Adriatic Shipyard” AD Bijela.

Offers Submitted for Privatisation of Adriatic Shipyard Bijela

Three renowned companies from Italy, the Netherlands, and Lithuania submitted their bids for the takeover of 61.5749% of the country’s shipyard.

Those companies are:

  • Fincantieri S.p.A., Italy
  • Damen Shipyards Group, the Netherlands
  • Consortium: Blotraco Shipping Ltd Cyprus, Roman Denkovych and UAB Litana ir KO, Lithuania

The Government’s Tender Commission, in cooperation with the privatisation advisor, will evaluate the fulfilment of the qualification criteria. Following the evaluation, the companies that voiced interest and met the criteria will be eligible to purchase the tender documentation, thus entitling themselves to submit the binding bids until April 2014 at 12.00.

The Bijela Shipyard, established in 1927, is the biggest ship-repairing yard in the Southern Adriatic. The yard is located in the Bay of Kotor, one of the world’s safest natural harbors with centuries-long ship-building and maritime tradition.


[mappress], February 18, 2014