Croatia's biggest shipbuilding group is heading into liquidation.
Creditors decided in a meeting at the Commercial Court in Pazin on Wednesday that holding company Uljanik will be wound up.
The company controls Uljanik Shipyard and other units. Another group shipbuilder, 3 Maj, has not been part of the bankruptcy proceedings.
Pula-based Uljanik did not meet the conditions needed to resume operation, according to official receiver Marija Ruzic.
