Our Investment Banking team acted as a sell-side advisor to Đuro Đaković TEP in the strategic sale to Austria-based technology group Andritz Group. Within the reputable Andritz group, ĐĐ TEP is bound for stronger expansion in new markets and further development of its portfolio of products and services.

Đuro Đaković Termoenergetska postrojenja Ltd is the regional leader in the segment of thermal energy solutions with a 100-year tradition based in Slavonski Brod. Vertically integrated company with a globally renowned track record in the production of boilers and pressure parts, an increasingly recognizable provider of full EPC and O&M solutions for cogeneration plants. Its tradition, proven quality and recognized know-how enabled it to focus predominantly on export markets, especially to the most competitive ones such as France, UK, Belgium and Scandinavia. Đuro Đaković has strategic importance for the local economy, being one of the largest companies in terms of revenue and employees.

ANDRITZ is an international technology group providing plants, systems, equipment, and services for various industries. The company is one of the technology and global market leaders in the hydropower business, the pulp and paper industry, the metal working and steel industries, and in solid/liquid separation in the municipal and industrial segments. The listed Group is headquartered in Graz, Austria. Since its foundation 170 years ago, ANDRITZ has developed into a Group with approximately 27,900 employees, and more than 280 locations in over 40 countries worldwide. ANDRITZ is also a long-term client of ĐĐ TEP thus acquainted with the quality and growth potential of ĐĐ TEP.

In October, passenger car registration in the EU increased by 12.2% YoY, totalling 745,855 units. Meanwhile, in January – October 2022 EU registration of new cars decreased 8.1% YoY. In Croatia in the mentioned period passenger car registration reported a slightly lower decrease of 5.9% YoY, while only in October an increase of 7.5% YoY was noted.

In October 2022, passenger car registration in the EU increased by 12.2% YoY, totalling 745,855 units. The biggest increase reported in the EU by far was in Germany, Italy, Spain and France, where the reported increase amounted to 30k units, 14.7k units, 6.9k units and 6.5k units, respectively, representing 16.8%, 14.6%, 11.7% and 5.5% YoY increase. Furthermore, no major regions reported a decrease in new passenger car registrations during October.

When observing January – October 2022, the situation is relatively different – EU registration of new cars decreased by 8.1% YoY, reaching 7.5m units registered in total. EU new car registration remained in the negative territory, as recent improvements were not enough to offset cumulated losses in this year. When observing the whole period, Italy, as the major market, reported the highest decrease of 13.8% YoY with total car registration amounting to 1.1m units (decreasing by 174.9k units). This decrease was further amplified by a decrease in another two major markets, France and Germany. France reported a decrease of 10.3% YoY and Germany reported a decrease of 5.5%, which is a decrease of 141.8k and 119.7k units of cars registered, respectively. Spain, which is also considered a major market, also reported a decrease of 5.8% YoY in the mentioned period with a decrease of 40.8k units.

Looking at the region, when observing the whole period since the beginning of the year, Croatia reported a decrease of 5.9% YoY, amounting to 37.6k units registered. Looking at data only for October, Croatia reported an increase of 7.5% YoY, amounting to 3k units registered. Slovenia reported a similar situation – when observing the whole period, Slovenia reported a decrease of 15.1% YoY, amounting to 40.2k units of the car registered.

Here you can find the dates for the upcoming events of the regional companies.

Due to the nature of these events, they are subject to change (might be postponed or canceled).