Tag: ina

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Is there a new potential buyer for Hungarian Mol's INA stake?

July 13, 2018, 12:59 pm
The share price of Hungarian fuels group Mol may rise by as much as 352 forints, 13% of its current share price if the company manages to sell its stake in Croatian energy company INA at a mesmerizingly... 

LNG terminal in Croatia seen serving Hungarian interests

May 28, 2018, 3:51 pm
Opposition is mounting against a floating LNG (liquefied natural gas) terminal on the island of Krt (northern Croatia) that should have gone operational in 2018, but now looks to be ready only by 2020.... 

Buyback of INA shares from Hungary's Mol reaches key stage

April 11, 2018, 9:24 am
Croatia has picked a consortium led by Morgan Stanley to advise it in the process of buying back 49% shares of the energy company INA , from Hungary’s Mol, Finance Minister Zdravko Maric said on... 

United States frowns upon Russia eyeing Croatia's INA

February 13, 2018, 11:30 am
Selling Croatian oil and gas company INA to a Russian company would be a mistake, the United States ambassador to Croatia Robert Kohorst said on Monday, Croatian media reported. The U.S. considers Russia... 

Croatia moves to buy back INA from Hungary’s Mol

January 17, 2018, 12:27 pm
Croatia has received seven offers from potential advisers to help the government find the best way to buy back shares of energy firm INA, whose ownership is shared with Hungary’s Mol, Finance Minister... 

Mol-INA case: a solution may be closer, as Zagreb sets out to hire advisers

December 14, 2017, 10:41 am
Croatia is laying the groundwork for its plan to buy back shares in Croatian energy company INA from Hungarian fuels group Mol, inviting bids from potential advisers, Croatia’s Prime Minister announced... 

It's only fair if Croatia gets INA back, Hungarian Premier Orbán says

November 28, 2017, 2:00 pm
Hungary is ready to make a fair deal so as to close as soon as possible the dispute poisoning the historically good relationship between Hungary and Croatia over the role of Mol in Croatian energy company... 

Hungary Mol open to selling INA stake, Russia's Rosneft shows interest

October 30, 2017, 3:56 pm
Hungarian fuels group Mol is open to selling its stake in Croatian oil company INA, but until then it will continue to operate INA to the best of its knowledge, said Pál Kara, General Counsel of Mol Group... 

Croatia loses case vs. Hungary's Mol in battle for INA

October 27, 2017, 3:58 pm
Switzerland’s Federal Supreme Court has rejected an appeal by the Croatian government to repeal a ruling by a tribunal of the United Nations Commission on International Trade Law (UNCITRAL) in... 

Hungary Mol chief files lawsuit against Croatia at ECHR

September 5, 2017, 3:35 pm
Zsolt Hernádi, Chairman-CEO of Hungarian oil and gas group Mol, has filed a lawsuit against Croatia at the European Court of Human Rights, claiming the arrest warrant against him was illegal, Croatian... 

Croatia to hire advisor on possible buyback of INA stake from Hungary's Mol

August 24, 2017, 2:59 pm
The Croatian government has decided on Thursday to hire an adviser in the possible purchase of a 49% stake in oil and gas company INA currently held by Hungary's Mol, SeeNews reported. The advisor... 

EU refers Croatia to court for failing to amend law on INA sell-off

July 13, 2017, 3:49 pm
The European Commission has referred Croatia to the Court of Justice for failing to amend the law on the privatisation of the energy company INA-Industrija Nafte, d.d. (INA). The EU executive has decided... 

Strong cabinet gives Hungary a competitive edge - Deputy PM

June 9, 2017, 11:14 am
If the Croatian party makes an offer and a business agreement can be reached, the Hungarian party is ready to sell its share in Croatian energy company INA, Hungary’s Deputy Prime Minister Zsolt... 

Croatian arm of Hungary's Mol posts profit for the first time since 2012

February 27, 2017, 2:14 pm
Croatian energy company INA posted 101 million kuna (HUF 4.2 billion) net profit in 2016, following HRK 1.4 bn loss in 2015. The last time the company made a profit was in 2012. INA’s EBITDA (earnings... 

INA buyback talks sink into chaos in Croatia

January 19, 2017, 2:01 pm
The Croatian government has stepped up plans to take full control of oil group INA by setting up a special body on Thursday to prepare a model for the buyout of Hungarian energy company Mol’s 49%... 

Croatia needs to strike a deal with Mol over INA

January 19, 2017, 8:47 am
The Croatian government needs to reach an agreement with Mol over INA, said Hungary’s Minister of Foreign Affairs and Trade when asked about Zagreb’s intention to buy back Mol’s share... 

Court rules Hungary's Mol did not neglect Croatian subsidiary INA

January 13, 2017, 11:46 am
Hungarian oil and gas group Mol has published new details about the ruling of an arbitral tribunal concerning INA. These show that the rules of procedure of Mol’s Croatian subsidiary is in accordance... 

Dispute in Croatia on how to buy back INA from Hungary's Mol

January 12, 2017, 10:52 am
A debate has surfaced between two parties of Croatia’s governing coalition about what funds to use to buy back a stake in energy firm INA from Hungary’s Mol, Croatian daily Vecernji list reported.... 

Croatia to foot legal bill in case lost against Hungary's Mol

January 4, 2017, 4:50 pm
The Croatian state will need to pay USD 30 million (nearly HUF 9 billion) of legal costs in relation to a lawsuit against Hungarian fuels group Mol, after Mol won the international arbitration procedure.... 

Croatia would finance buyback of INA from Hungary's Mol from partial sale of HEP

January 3, 2017, 4:55 pm
The Croatian government plans to buy back energy company INA from Hungarian oil and gas group Mol; The financing details are still unclear, but Croatia’s Economy Minister has just come up with the... 
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