Hungarian oil and gas company MOL is prepared to sell its stake in Croatian peer INA if Croatia makes an offer for the repurchase and the two sides can strike a deal, Hungary’s deputy prime minister told Croatian public television HTV late on Thursday.

However, the lack of stability in the Croatian government poses difficulty for the settlement of the matter, Zsolt Semjén said.

“Hungary has a huge competitive advantage in that it has a strong and stable government. This enables it to enact laws quickly if the economic situation so demands,” Semjén told HTV.

He expressed hope that Croatia would soon have a stable government with which Hungary could work together closely in the long run and that the two countries’ prime ministers could sit down for talks in the near future.

MOL holds a little less than half of INA’s shares but has management rights in the company.


Source: MTI

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