“We are informing the public and INA shareholders that we have received a request from MOL to launch a public bid for INA,” Reuters quoted Hanfa as saying on its website without disclosing any further details.

MOL owns 25% of INA, and the state of Croatia holds 44%, after distributing 14% to war veterans and INA employees and listing 17% in Zagreb and London.

MOL will make a public offer for the 31% not held by the government to give it a majority stake. (MTI – Econews)