CEO of Croatian oil company INA Zoltan Aldott said in an interview that MOL will not give up managerial rights in the company. Commercial company, such as MOL, has no reason to hold a stake in other company as a partner that can not affect business decisions.
Aldott stressed that the key question in this matter is weather the Croatian Government wants to make INA public or market company. Previously, the Government emphasized that it sees INA as a market company, but on the other hand insisted on some requests that contradict that. He said that if the Government wants to make INA a state-owned company then there is no interest for a private investor to remain the shareholder of the company, so the state should take the ownership of the entire company.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: arbitration, Croatia, INA, Mol, oil