Croatia: MOL Increases INA Stake to 47%
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Wednesday, 15 October 2008 |
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MOL became INA’s biggest single shareholder as it raised its stake in the Croatian oil and gas company to 47.1%.
MOL has acquired a 22.1% stake or 2.2 million shares in the company via
a public tender that closed last Friday. MOL offered HRK 2,800 per
share for INA shares. The company has expressed its interest in
becoming INA’s majority shareholder.
The Hungarian company is expected to resume talks with the Croatian
government which holds a 44% stake in INA, in order to discuss a
possible share swap or sale of a further INA stake to MOL. Negotiations
between the two sides are to continue until 2012.
PetrolWorld 121008
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