Klesch group said to be interested in INA

Deals

Klesch Group is doing due diligence in Croatian oil company INA, controlled by its Hungarian peer MOL, international news portal Bloomberg reported late Wednesday, quoting two unnamed individuals with knowledge of the matter. 

Geneva-based Klesch, which has units producing and trading oils, metals and chemicals, has expressed interest to MOL about buying its 49.08% INA stake, according to the people, who asked not to be identified as the information is not public, Bloomberg added.

Klesch "has no comment at this time," spokeswoman Stacie Bowers said by e-mail from London in response to questions from Bloomberg. MOL Chief Financial Officer Jozsef Simola confirmed interest from a number of companies, declining to name them, in an interview with CNBC earlier this week. While MOL considers offers for the unit, its primary option is a negotiated agreement with the Croatian government, Simola said. 

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.