Equity
Croatian watchdog may keep blocking trading in INA shares
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Hungary’s MOL holds a 47.2% stake in INA, as well as mandating rights.
Hanfa on 29 July extended the trading suspension of INA on the Zagreb Stock Exchange. On 30 August, INA lodged a court complaint against the regulator’s decision. The company’s stocks were last traded in Zagreb on 27 April.
“Given the current political environment and upcoming elections, the decision is more than understandable for us," commented Olena Kyrylenko, analyst at KBC Securities.
“It is also clear that MOL will not be trying to buy shares on the market and its plans to increase its ownership in INA are postponed for indefinite period or at least until the election results," she added.
Overall she sees the news as neutral.
Hanfa on 29 July extended the trading suspension of INA on the Zagreb Stock Exchange. On 30 August, INA lodged a court complaint against the regulator’s decision. The company’s stocks were last traded in Zagreb on 27 April.
“Given the current political environment and upcoming elections, the decision is more than understandable for us," commented Olena Kyrylenko, analyst at KBC Securities.
“It is also clear that MOL will not be trying to buy shares on the market and its plans to increase its ownership in INA are postponed for indefinite period or at least until the election results," she added.
Overall she sees the news as neutral.
