CROATIAN OIL COMPANY TO LAUNCH SHARES ON LONDON STOCK EXCHANGE

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