Mol might agree on sale of Energopetrol
Wednesday, October 12, 2005, 11:27
Bosnia's government may agree with Mol Rt about the sale of Energopetrol, the Balkan country's biggest fuel trader, after a Sarajevo court cleared a hurdle last week, daily Napi Gazdaság reported, citing MTI news agency. The court rejected a government claim for 11.3 mln ($13.5 mln) of back taxes Bosnia wanted to add to the sale price, the newspaper said today. Mol is keeping its earlier bid for a 67% stake in the company, Napi said. Budapest-based Mol, the biggest oil company in the 10 newest European Union countries, is bidding for the stake with Croatia's INA Industrija Nafte d.d., in which the Hungarian company owns a 25% share. The two companies offered 112.2 mln for Energopetrol, including a plan to spend 77 mln in the next three years.