ZAGREB, July 18 (Hina) - The sale of shares of the INA oil company to Hungary's MOL and the conclusion of the sales agreement were fully conducted according to the law, Economy Minister Ljubo Jurcic said at the beginning of the
parliamentary debate on INA's privatisation on Friday.
ZAGREB, July 18 (Hina) - The sale of shares of the INA oil company to
Hungary's MOL and the conclusion of the sales agreement were fully
conducted according to the law, Economy Minister Ljubo Jurcic said
at the beginning of the parliamentary debate on INA's privatisation
on Friday. #L#
Jurcic rejected suspicions of the opposition that the government
had not equally treated all three strategic partners who bid for the
purchase of 25 percent plus one share of INA, but that it had
favoured MOL.
"All three potential partners (...) were given identical documents
on INA to which they affixed their signatures and submitted their
bids," the minister said, adding that the agreements were regarded
as a state secret until their signing.
He said that MOL would be allowed to open petrol stations in Croatia
only by using the name INA, because it would be conducting all its
activities through INA.
Jurcic expressed the government's position that INA was not
privatised because 75 percent of its shares remained in state
ownership.
"INA has got a strong strategic partner and will become a strong
regional player," he said.
(hina) vm