‘Gazprom interested in INA takeover’

Published on 13 December 2013 at 13:11

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According to Poslovni Dnevnik, the Russian energy giant is considering the acquisition of a majority holding in Croatian oil company INA. Apparently, the question was recently raised by Gazprom CEO Sergei Miller in a discussion with Hungarian Prime Minister Viktor Orbán.
Hungarian oil company MOL, which is 25 per cent owned by the Hungarian state, has a 49 per cent share of INA, which Gazprom would like to acquire. For its part the Croatian state controls 19 per cent of the company. The daily points out that Orbán has threatened on several occasions to sell MOL’s share in INA, in the wake of Croatia’s issue of an arrest warrant for MOL CEO Zsolt Hernádi, who is suspected of corruption offences. Poslovni Dnevnik explains that —

… a majority holding in INA would provide Gazprom with a base for expansion in southeastern Europe and Mediterranean countries.

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