ZAGREB, Oct 12 (Hina) - The Croatian government decided on Thursday totransfer seven per cent of shares in the oil company INA to the Fundof Homeland War Veterans and Members of Their Families, thegovernment's public relations office
said in a press release.
ZAGREB, Oct 12 (Hina) - The Croatian government decided on
Thursday to transfer seven per cent of shares in the oil company INA to the
Fund of Homeland War Veterans and Members of Their Families, the government's
public relations office said in a press release. The transfer of
700,000 shares will be carried out without a fee and will entail all
accompanying rights.
The decision will go into force once it has been approved by
parliament.
The transfer is based on the law on the privatisation of INA, under
which another seven per cent of the company's shares will be offered to current
and former employees for purchase under more favourable conditions.
In February the government transferred seven per cent of Croatian
Telecom shares into the war veterans' fund.