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Mol plans €500 mln-€1 bln investment at INA refineries

Hungarian oil and gas company Mol Nyrt plans to make investments of €500 million-€1 billion at refineries in the Croatian cities of Sisak and Rijeka, according to reports in the Croatian press.

Both of the refineries are owned by Croatia's INA, in which Mol holds a stake of 25% plus one vote. Mol plans to propose to the Croatian state, INA's majority owner, a capital raise at the company, which would increase Mol's stake, according to the reports.
The Croatian government plans to sell part of INA's shares on the Zagreb Stock Exchange in September of October.