Brodosplit, in partnership with Italy's Fincantieri Group, has made an offer for the restructuring of the ailing Uljanik shipbuilding group, the Split-based shipyard announced on Friday evening.

“We can confirm that Brodosplit, in partnership with the Fincantieri Group, today submitted a bid for the restructuring of the Uljanik Group,” Brodosplit said in a brief statement.

The company said it could not discuss details of the offer before it was examined by the management of the Uljanik Group and relevant state institutions.

Brodosplit has earlier signed several cooperation agreements with the Italian group.

The CEO of the Uljanik shipyard, Emil Bulic, said earlier on Friday that six companies had conducted due diligence at the shipyard, based in the northern Adriatic city of Pula.

The process was completed at 6 pm and the deadline for the submission of a binding offer expired at 8 pm on Friday.

Uljanik’s management is expected to present the offers to Economy Minister Darko Horvat on Monday.