Bosnia to start Energopetrol talks with MOL-INA

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The Bosnian government has decided that it would start talks with the Hungarian-Croatian consortium of MOL and INA on the privatisation of the country's largest fuels retailer Energopetrol, MOL said.
Michel-March Delcommune, the MOL group's director of strategic and business development, said MOL and INA were looking forward to the talks with the government of Bosnia-Herzegovina and hoped that they would soon convince them that they had picked the best partner possible.

There have been two bidders for a 67% stake in Energopetrol besides MOL-INA, namely Austria's OMV and Bosnian Euro Inzenjering.

MOL has a 25% plus 1 share stake in Croatian INA, and the consortium offered a total of some EUR 112 million for the package (10.2 million Bosnian marka for the controlling stake, 150 million marka in investments over the next three years and 60 million marka for servicing debt)
 

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