MOL - INA case

Govt't to comment on MOL statement after receiving official position

03.10.2013 u 21:00

Bionic
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The Croatian government would not comment on Thursday's press release by the Hungarian energy company MOL in which it said that it would consult with the Croatian government as a potential buyer of MOL's stake in Croatia's oil and gas company INA.

The government said it would not take a position until Croatia's negotiating team received MOL's official position.

The Hungarian government yesterday asked MOL to review its portfolio and announced the possibility of selling its stake in INA. MOL said today that if it decided to sell the stake, it would consult with the Croatian government as a potential buyer, although it said that Zagreb had lost the pre-emption right because of breaching the 2009 contracts.

The Croatian government's and MOL's negotiating teams held their first meeting on September 18 concerning their relations in INA at which they discussed the course and topics of the negotiations.

The government has a 44.84% stake in INA, while MOL holds 49.1%.