Hungary's MOL effectively secured a strategic stake in Croatian oil firm INA on Friday but faced criticism it was overpaying to win a lead role in the region's energy sector
Published:
12 July 2003 y., Saturday
Prime Minister Ivica Racan said on Friday MOL would be invited for further brief talks to confirm it had no queries on INA after a state privatisation council reviewed bids by the Hungarian firm and its Austrian rival OMV.
"After that, the council will propose that the government choose MOL as the strategic partner," Racan told reporters, adding the government would take a final decision next Thursday.
The announcement makes it almost certain MOL will defeat OMV in the long-delayed privatisation, which is crucial for shoring up Croatia's public finances this year.
MOL bid an above-market $505 million for the 25 percent stake, compared with OMV's $420 million and expectations of around $360 million. Russia's Rosneft withdrew from the bidding.
Šaltinis:
biz.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »