The Croatian government has decided to cancel its plan to privatise marina operator ACI Marinas by adding the company to the list of entities that are considered assets of strategic importance.

ACI Marinas was removed from the list in 2016 in relation to the then cabinet’s work on the National Reform Programme for 2016 document. The current government decided to remove 11 companies from the list, and, with the addition of the marina operator and Croatia Airlines, the list now comprises 40 companies in which the Croatian Treasury is to maintain its role of a majority shareholder.

Based in Opatija on the Croatian Adriatic Sea, ACI Marinas operates 22 marinas in the western part of the country. The facilities have a combined capacity of 6,079 berths. ACI Marinas provides berthing to more than 400,000 seafarers per year, according to data released by the Croatian firm.

The company’s shareholders include the Croatian Treasury, which holds a stake of 78.58%, and Turkey’s Dogus Group, which has 10.87% of the shares in ACI Marinas. The firm is listed on the Zagreb Stock Exchange (ZSE).