INA Submits Bid for OMV Stations in Croatia, Bosnia

Hungary’s Mol Nyrt. (MOL) may be forced to sell its chain of Tifon d.o.o. gas stations in Croatia to comply with competition law, Poslovni Dnevnik reported.

INA may also sell some of its gas stations in less frequented locations, the newspaper said, citing unidentified people. The Zagreb-based company will wait for the decision of the competition regulator, according to Poslovni.

INA on Sept. 5 submitted a binding offer for OMV AG (OMV)’s gas stations in Croatia and Bosnia and Herzegovina. OMV, central Europe’s biggest oil company, has 63 stations in Croatia and 28 in Bosnia. Mol Nyrt. holds a 47.47 percent stake in INA, while the government owns 44.84 percent.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.