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MOL hasn't received official information on INA meeting postponement

Autor: half
ZAGREB, Oct 24 (Hina) - The Hungarian oil company MOL has still not received official information from the Croatian negotiating side on a postponement of negotiations on the Croatian oil company INA that were to have resumed on Friday.

"We have not received any official information about an eventual cancellation, we only took notice of this information from the media. Therefore we do not comment this information," MOL has said in reply to a query from Hina for a comment on the postponed meeting between Croatian government and MOL negotiating teams.

A government source said on Wednesday night that the meeting on amendments to the shareholders' agreement on INA had been delayed after consultations in the government.

The government decided to postpone the meeting after MOL did not agree to the proposed topic on the management model in the Croatian oil and gas company, according to unofficial sources.

This was contrary to the conclusions of the negotiating teams' first meeting in Zagreb on September 18, when they agreed that one of the topics of the negotiations would be the future of corporate management in INA, alongside cost control, investments, profit division, research and development.

At the beginning of Thursday's trading on the Budapest Stock Exchange, MOL stock dipped 0.27 per cent to 14,875 forints from yesterday.

On the Zagreb Stock Exchange, there was no trading in INA stock by 9.30 am. Its shares stagnated at HRK 4,025 at the end of yesterday's trading.

(Hina) ha

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