Croatia contemplates amending the law pertaining to the privatization of energy compan

As part of a slew of changes related to Croatia's EU-accession, the government is proposing to amend the law pertaining to the privatization of energy company INA, Croatia's Energetika-Net website reported. The proposed amendment entails Croatia's loss of special rights...
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E-mail article Print Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά Text

Croatia contemplates amending the law pertaining to the privatization of energy compan



Balkans.com Business News Correspondent - 21.02.2013

As part of a slew of changes related to Croatia's EU-accession, the government is proposing to amend the law pertaining to the privatization of energy company INA, Croatia's Energetika-Net website reported. The proposed amendment entails Croatia's loss of special rights such as a golden share to outvote other shareholders in strategic issues reports Portfolio HU.

Currently holding 44.8% of former state energy company INA, the Croatian government will continue to retain a decisive vote in all decisions of strategic importante as long as its ownership share does not fall below 25%, based on currently effective regulations. In addition, Croatia has a call option on the INA shares held by Hungarian energy group MOL given that the state-owned share is at least 25%. 

Misi Vallo
WebHostingBuzz.com

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