Most demands have been accepted and the remaining outstanding issue refers to the debit towards Ina, a source from the Croatian oil company told Hina on Wednesday.
The first working meeting between the consortium and the federal government officials was held in Sarajevo on Tuesday, and the local media today reported that the Ina and MOL accepted the conditions the government of Federation of Bosnia-Herzegovina had set.
Last week, the government concluded that the two companies had sent the best offer for the privatisation of and injection of fresh capital into Energopetrol, and decided to immediately open additional negotiations before a final decision on the sale of its oil company. The government set several additional requirements, and according to the Bosnian media one of those conditions referred to debts which branches of Ina made in Bosnia. Ina, however, stated that this condition referred to the debit towards Ina.
In case of the successful conclusion of the negotiations, Ina and MOL will take over 67 percent of the shares of Energopetrol, including 65 petrol stations in the entity. They will also be bound to invest about 75 million euros into the further development of Energopetrol over the next three years.