PETROKEMIJA d.d. (ZGSE:PTKM) received binding bids from several interested investors under its call for recapitalisation which closed on September 22, 2017. Potential investors' offers have now been submitted to the country's Restructuring and Sale Center and the state property ministry for further proceedings, Petrokemija said in a Zagreb bourse filing. Among the candidates are Grupa Azoty S.A. (WSE:ATT) and Jadranski naftovod d.d. (ZGSE:JNAF).

The recapitalisation of the company was agreed with the Croatian government in April when it issued guarantees for two long-term loan deals signed with HBOR and Hrvatska Postanska Banka, as well as a short-term financing deal with Erste&Steiermarkische Bank.