ZAGREB, July 11 (Hina) - The Croplin gas company on Thursday signed a contract with the INA oil company valued at 540 thousand euros to take over 40 per cent ownership shares in the Vinkovci based "Plinara istocne Slavonije" (PIS) -
Eastern Slavonia Gas company. This represent Croplin's entry into the Croatian market for gas distribution.
ZAGREB, July 11 (Hina) - The Croplin gas company on Thursday signed
a contract with the INA oil company valued at 540 thousand euros to
take over 40 per cent ownership shares in the Vinkovci based
"Plinara istocne Slavonije" (PIS) - Eastern Slavonia Gas company.
This represent Croplin's entry into the Croatian market for gas
distribution. #L#
PIS is the authorised distributor of gas for consumers in Vukovar-
Srijem county. Late last year there were 13,554 consumers in the PIS
controlled area with an annual consumption of 32.8 million square
metres of gas.
Croplin was founded in 1998 exclusively for activities related to
distribution OF GAS in Croatia. The ownership structure of Croplin
consists of equal shares by Ina and two German based gas companies,
MVV Energie and Thueg.
(hina) sp ms