Hungarian Premier Wants Croatia to Buy MOL's Stake in INA

October 4, 2013

Croatia should consider purchasing the near-50 percent stake Hungarian oil and gas group MOL holds in its Croatian peer INA to prevent damage to bilateral relations, Reuters has reported, citing Hungarian Prime Minister Viktor Orban as saying on October 4.

"Since friendship is more important than a specific deal, we propose that the Croatian side should consider taking these shares into state hands and let us settle this in a fair manner," Orban told public radio in an interview.

Orban's government, the largest single shareholder in MOL, has said it would ask MOL's management to consider selling its near-50 percent stake in INA to the Croatian government or a third party, after what it said were "unacceptable" steps taken by Zagreb against MOL.

Copyright: Reuters, 2013.