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GOVERNMENT ANNOUNCES PRELIMINARY TENDER FOR PRIVATISATION OF INA

Autor: ;RMLI;
ZAGREB, May 9 (Hina) - Friday's issue of the Vjesnik daily brings an invitation by the Croatian government for foreign investors interested in purchasing a control share in the oil company Ina to demonstrate their interest, which marks the beginning of the privatisation of the Croatian oil giant.
ZAGREB, May 9 (Hina) - Friday's issue of the Vjesnik daily brings an invitation by the Croatian government for foreign investors interested in purchasing a control share in the oil company Ina to demonstrate their interest, which marks the beginning of the privatisation of the Croatian oil giant. #L# The invitation to foreign investors to demonstrate interest in the purchase of 25 percent plus one share will be made public in The Financial Times as well. The deadline for potential strategic partners to show their interest is May 31. The government's invitation includes basic information on Ina, noting that it is a company of strategic interest for the Croatian economy, employing 17,000 workers. The invitation also notes that last year Ina produced two million tonnes of crude oil in Croatia and abroad as well as 1.8 billion cubic metres of natural gas. INA is the owner of two refineries and two plants for the production of lubricants which have processed 4.8 million tonnes of crude oil. The company has a retail network of 450 outlets in the country and abroad. Last year's consolidated revenue from sales amounted to 16.12 billion kuna (around US$1.91 billion), and total active assets amounted to 14.87 billion kuna (around US$1.78 billion). (hina) sp sb

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