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Bosnia's competition council okays acquisition of Energopetrol by Croatian-Hungarian consortium

SARAJEVO, Dec 25 (Hina) - The Competition Council of Bosnia-Herzegovina has decided that the intention of the INA-MOL consortium to buy the Sarajevo-based oil company "Energopetrol" will not jeopardise market competition in the sale of oil products in Bosnia-Herzegovina.
SARAJEVO, Dec 25 (Hina) - The Competition Council of Bosnia-Herzegovina has decided that the intention of the INA-MOL consortium to buy the Sarajevo-based oil company "Energopetrol" will not jeopardise market competition in the sale of oil products in Bosnia-Herzegovina.

The decision, made public in Sarajevo on Monday, removes the last obstacle to the acquisition of Energopetrol by the Croatian-Hungarian consortium. An agreement on the sale of Energopetrol was signed earlier this year.

The INA-MOL consortium has acquired 67% of state-owned shares in Energopetrol and taken over obligations to make new investments and keep all current employees.

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