Companies & Finance

Croatia chooses consultants for INA buyout

A consortium has been selected to advise on Cronatia's potential buyout of Hungarian oil and gas company MOL’s stake in state energy company INA.
By Staff reporter 12 April 2018 0 30394

The government of Croatia has selected a consortium of Morgan Stanley, Intesa Sanpaolo and Privredna Banka Zagreb to advise on a potential buyout of Hungarian oil and gas company MOL’s stake in Croatian energy company INA, local newspapers have reported.

MOL owns 49.1% of INA, while Croatia’s government has 44.8%.

MOL purchased its stake from the Croatian government in 2009.