Boat Maker Seaway to Restart Production after Recapitalisation

Co-founder and co-owner Japec Jakopin confirmed for the STA that the recapitalisation had taken place and expressed hope that production will go back to normal.

Seaway director Bogdan Topič told business daily Finance that nearly EUR 600,000 in fresh capital would be enough to complete outstanding orders – eight eco-friendly Greenline boats.

Nonetheless, the firm expects another recapitalisation by a new foreign partner by the end of the year. Meanwhile, the company is also looking for a new strategic partner, as KD Group plans to sell its 47.5% stake.