Croatia Rejects Crown Investment Offer to Buy Shipyard

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The Croatian government rejected an offer by Crown Investment of Germany, representing Austria’s A-Tec, to buy a shipyard in Rijeka on the Adriatic Sea coast, Croatian Economy Minister Djuro Popijac said today in Zagreb.

The government opened a new round in the sale and set a new deadline for offers in 10 days, he said. The sale of the shipyard is needed if Croatia wants to complete the accession talks this year and join the European Union in 2012.