SARAJEVO, July 13 (Hina) - The government of the Federation of Bosnia and Herzegovina on Thursday supported a proposed agreement on the sale of Sarajevo-based oil company Energopetrol to Croatian-Hungarian consortium INA-MOL, and
ordered that necessary steps be taken to ensure adoption and entry into force of the agreement.
SARAJEVO, July 13 (Hina) - The government of the Federation of
Bosnia and Herzegovina on Thursday supported a proposed agreement on the sale
of Sarajevo-based oil company Energopetrol to Croatian-Hungarian consortium
INA-MOL, and ordered that necessary steps be taken to ensure adoption and entry
into force of the agreement. The government of the Muslim-Croat
entity said in a statement after a session on Thursday that a report on the
planned injection of over 30 million euros of fresh capital into Energopetrol
had been fully accepted.
When the agreement is signed, INA and MOL will take over a 67 per cent
stake in Energopetrol, the Federation will retain 22 per cent, while the
remaining 11 per cent will be owned by small shareholders.
Under the agreement, INA-MOL consortium will additionally invest 76.7
million euros into the Bosnian company, assume its existing debts and keep its
present work force.