MOL‘s acquisition of a minority stake in oil group INA was in line with Croatian laws, the country’s competition authority said in a statement on Saturday, Index.hu reported, citing Croatian news website index.hr.
Hungarian oil and gas group MOL owns 47.16% of INA, while the Croatian government holds a 44.84% stake. The statement comes after four government-appointed supervisory board members of INA asked the regulator to review its resolution of 2009 that concluded MOL’s acquisition of INA was lawful. The competition watchdog said reviewing its previous decision on MOL’s ownership was not legally possible. Meanwhile, Croatian public television HTV said Croatian government officials have met with leaders of the attorney general’s office in a private meeting to map out the government’s possible moves with regard to INA.
The meeting was intended to look into possible strategies to protect national interests in INA and the possibility of renegotiating the ownership of INA gas business ownership and the company’s shareholder agreement.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
