MOL announced on Monday it would offer HRK 2,800 per share in the offer.
MOL already owns 25% of INA and it is in talks with the government on the sale of the 45% state-owned stake in the company.
MOL will probably reach an agreement on acquiring the 45% stake in a one or one and a half months, Cashline Securities chief analyst Kornél Szabó told tozsdeforum.hu. The transaction could take the form of a share swap, and the government could also take INA’s spun-off gas unit in exchange for a 20% stake in the parent company, the local press has reported.
MOL may not even plan to boost its stake in INA over 50%, Szabó said. A 45% stake would allow MOL’s management sufficient ownership rights to validate their interests. (MTI – Econews)