Competition agency halts sale of Crobenz to Croatian Petrol Stations.

By bne IntelliNews May 6, 2010
The Market Competition Agency (AZTN) halted the sale of fuel trader Crobenz to Croatian Petrol Stations saying that the buyer does not meet the necessary requirements, which include payroll and experience in the sector. Croatian Petrol Station is part of Slavia Capital Group, whose core activity is investment and financial business. The country's oil and gas company INA sold Crobenz in the beginning of April for an undisclosed sum. The sale agreement was based on INA's obligation under the decision of the Croatian Competition Agency, dated June 9, 2009, which approved the acquisition of operational control of INA by the Hungarian oil and gas company MOL provided that INA sells its stake in Crobenz. INA reportedly received letters of intent for Crobenz from six companies. According to unofficial information, the interested buyers were Russia's Lukoil, Slovenia's Petrol, OG Adriatic, TA, Bosnian Optima Grupa and a Slovak firm.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Follow Us On

Most Read

  1. Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
    6 days ago
  2. RAGOZIN: Exhausting Russia, strategies and fantasies
    5 days ago
  3. Live fish fall from the sky in Central Iran - video
    3 days ago
  4. Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support for Kyiv
    7 days ago
  5. COMMENT: Aliyev continues to block the chance of peace in the South Caucasus
    8 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    2 years ago
  2. Saudi Arabia to scale back plans for Neom city
    28 days ago
  3. Iran vs Israel: Who is better equipped for war?
    24 days ago
  4. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    29 days ago
  5. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    21 days ago

Reports

Dismiss