ZAGREB, Jan 2 (Hina) - The Croatian oil company INA said on
Thursday it would launch its shares on the London Stock Exchange as
part of its plans to become an influential company in this part of
Europe.
INA said in a statement that it had completed its legal and
organizational restructuring and begun its financial and business
reorganization following the government's decision to rehabilitate
Privredna Banka Zagreb.
By the end of 1996, INA set up three new joint stock
companies, reorganized the structure of oil refineries and
established two new profit centres.
Some personnel changes were also made. On December 31, Mate
Boban resigned at his request from the post of executive director
for commerce and was succeeded by Petar Cavlovic, the statement
said.
(hina) vm mm
021506 MET jan 97
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