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RACAN SAYS GOVT. WILL DISCUSS SISAK IRONWORKS

ZAGREB, Feb 10 (Hina) - The Croatian government will on Thursday discuss Sisak Ironworks and the signed contract on its sale to Russia's "Mecelj", Prime Minister Ivica Racan said on Monday.
ZAGREB, Feb 10 (Hina) - The Croatian government will on Thursday discuss Sisak Ironworks and the signed contract on its sale to Russia's "Mecelj", Prime Minister Ivica Racan said on Monday. #L# The government will debate Sisak Ironworks on Thursday, by which time it will analyse the situation and hold talks with possible partners again, insisting that an adequate contract replace the contract which was offered and signed but which the government cannot strengthen with its acts, Racan told Croatian Radio. He recalled that the government had not participated in the sale of the company until now, and that it had only given some instructions through Economy Minister Ljubo Jurcic (on the unacceptability of the company being purchased without bank guarantees). He said the government would not make the same mistake as when the company had been sold to the Russian-Austrian Trubo Impex company. Asked about the privatisation of the oil company INA, Racan said the sale of 25% plus one INA share would be conducted in a transparent manner. He voiced hope that during the process INA would demonstrate interest to participate in the same way in the ownership structure of its partner. "This is a good idea if one wants to join forces and be a factor on the regional oil market and in order to do that, one should not settle only for sale. The quality of partnership relations is what matters and it is at the highest level if the companies are mutual co-owners," Racan said. (hina) rml sb

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