ZAGREB, March 17, 2020 – The Council for INA on Tuesday accepted a report by its investment consultant on the course of due diligence in the Croatian oil company, defining the course of further activities for the possible purchase of INA shares held by the Hungarian oil and gas group MOL.
An analysis by the investment consultant on company’s operations and value is expected in the second quarter, the government said in a statement.
The INA Council, an advisory body tasked with providing guidelines, taking action and putting forward proposals to the government regarding preparations for, implementation and financing of the possible purchase of MOL’s stake in the company, held its 11th meeting today under the chairmanship of Prime Minister Andrej Plenković.
Representatives of the Lazard investment consultant and other professional consultants submitted a report to the Council on the course of due diligence in INA via video link.
“The Council accepted the report and determined the course of further activities in the process of the possible purchase of MOL’s interest in the company, as part of which an analysis by the investment consultant of the company’s operations and value can be expected in the second quarter of this year,” said the government.
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