Italian shipyard group Palumbo could take part in the restructuring of Croatia's Uljanik Group.
It is the second company to express an interest in the state-backed refinancing and diversification programme after yard tycoon Danko Koncar's Kermas Energija.
Shipbuilder Uljanik said in a stock exchange filing: "A letter of intent from the second potential strategic partner Palumbo Group Napoli, has been received," according to SeeNews.
