INA deal gets anti-trust clearance

According to SeeNews

Croatia‘s Competition Agency (AZTN) has granted conditional approval to a deal that will give Hungary’s MOL control over Croatian blue-chip oil and gas company INA.

This is exciting news for the chemical sector in Croatia which links heavily into INA for feedstocks. According to ICIS plants and projects the following facilities exist in Croatia.



Croatia Omisalj, Krk Polyethylene low density 70000 tonne/year Operating



Dioki dd Croatia Zitnjak Ethylene 90000 tonne/year Operating



Dioki dd Croatia Zitnjak Polyethylene low density 85000 tonne/year Operating



Dioki dd Croatia Zitnjak Polystyrene 57000 tonne/year Operating



Dioki dd Croatia Zitnjak Polystyrene, expandable 12000 tonne/year Operating



Petrokemija dd Croatia Kutina Ammonia 450000 tonne/year Operating



Petrokemija dd Croatia Kutina Ammonium nitrate 450000 tonne/year Operating



Petrokemija dd Croatia Kutina Urea 495000 tonne/year Operating



The two companies will have a 55-65% combined share of the retail market and it must be reduced through the disposal over the next nine months of INA’s Crobenz business, online business news portal Bankamagazine (www.bankamagazine.hr) reported, quoting AZTN president Olgica Spevec as telling reporters.

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