BUDAPEST--Hungary-based Central European oil and gas firm MOL
Nyrt. (MOL.BU) requested its Croatian subsidiary INA d.d. (INA.ZG)
to call an annual general meeting, where it would propose INA to
pay dividend of 2 billion Croatian kunas (EUR260 million) from its
retained earnings, MOL said in a stock exchange filing Tuesday.
MAIN FACTS:
- Croatia holds a 44.8% stake in INA and MOL owns a 49.1% share,
plus management rights.
- MOL and Croatia are involved in a bribery case in which, in
2012, former Croatian prime minister Ivo Sanader was convicted of
accepting bribes while he was in office, to allow MOL to have
management rights over INA, according to a Croatian court. MOL has
repeatedly said the case was politically motivated and denied all
these allegations.
- MOL traded up 2.3% at HUF12,360 at 1348 GMT.
Write to Veronika Gulyas at veronika.gulyas@wsj.com;
@VeronikaGulyas1
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
