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MOL, Croatian government agree to pay half of INA profit as dividend

Hungarian oil and gas company MOL has agreed with the Croatian government to propose to shareholders of Croatian peer INA paying half of 2010 profit as dividend and using the rest for investments, MOL told MTI on Friday.

Under the agreement, the dividend fund will come to HRK 480.5 million or about HUF 17.5 billion MOL said.

MOL is continuing "constructive and open" talks with the government in Zagreb, the company said.

MOL owns 47.25% of INA and the Croatian government holds 44.84%.