MOL Gains At Least Another 21.7% In INA

October 2008 | M&A News Alert

Hungary's MOL has acquired a further 21.7% stake in Croatia's INA, raising its holding in the company to 46.7%. The company may still gain a majority stake as a result of the current public offering process as shareholders were allowed either to send their sell orders by post or to present them in person at Croatia's Central Depository Agency (SDA). SDA has said that it has yet to count and finalise all the shares tendered with a final result expected to be announced on October 10. Alternatively, should MOL have failed to acquire a majority, the company could also buy

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