The Croatian government also requests the court to prevent MOL from shutting down INA’s two refineries and from making any more layoffs for the time being.
Russian energy giant Gazprom has expressed its intention to acquire a controlling stake in INA and to buy MOL’s shares. MOL currently holds 49.08 % of INA’s shares while the Croatian state owns 44.84 %. A perceived lack of investment in the company by MOL and the state’s failure to take over INA’s loss-making gas business, as stipulated in a shareholders agreement, have been sources of tension between the stakeholders.
It could take one or two months before the Paris-based court decides on Zagreb’s request.
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