Small shareholders offered to MOL a total of 10,082 INA shares, or 0.10 per cent of the company stock, in the public offer for the purchase of INA stock at HRK 2,800 per share.

The required sums were paid and the payments are under way. Regarding our intentions, we are fully committed to INA and are still trying to reinforce the strategic cooperation between MOL Group and INA so that INA can become a regional leader, MOL Group spokesman Domokos Szollar told Hina when asked about the payment of the shares small shareholders had deposited with MOL in the public offer.

MOL made the general offer on December 14, with a January 14 deadline, and committed to paying for the shares by January 31.

Given the offered price, MOL paid about HRK 28.2 million for the 10,082 INA shares deposited with it.

The SKDD confirmed that the offer ended today with the entry of the deposited shares into the account of the bidder, MOL, and with the payments to the shareholders who accepted the offer.

Before the entry, MOL held 47.16 per cent in INA and its stake is now expected to be 47.26 per cent.

The second largest shareholder in INA is the Croatian government with a 44.84 per cent stake.

According to SKDD data on January 28, the third biggest shareholder is the AZ mandatory pension fund with 214,092 shares, or a 2.14 per cent stake.

The PBZ custodian account is fourth with 130,648 shares, or a 1.31 per cent stake. The media speculate that an unknown investor is collecting INA stock into this account.

The Raiffeisen mandatory pension fund is fifth with 80,000 shares or a 0.80 per cent stake, followed by the PBZ Croatia Osiguranje mandatory pension fund with 59,430 shares or a 0.59 per cent stake, and the Erste Plavi mandatory pension fund with 46,100 shares or a 0.46 per cent stake.

The four mandatory pension funds hold a 3.99 per cent stake in INA, or 4.1 per cent if one adds the AZ Profit voluntary pension fund.