Bloomberg News

Trading of INA Shares to Resume ‘Shortly,’ Market Regulator Says

October 19, 2011

Oct. 19 (Bloomberg) -- INA Industrija Nafte d.d., Croatia’s largest refiner, will probably resume trading in the near future as the company has fulfilled most of the market regulator’s demands.

“Most of our requests have been fulfilled, and we expect the rest will be fulfilled shortly,” market regulator Hanfa said today in an e-mailed reply to questions from Bloomberg News. “We expect to lift the trading ban as soon as all conditions are met.”

Hanfa on July 29 extended a trading suspension of the shares on the Zagreb stock exchange, demanding the company change its rules dealing with dispersing privileged information.

The Croatian refiner is controlled by Hungary’s Mol Nyrt., which owns 47.47 percent of INA. The government holds 44.84 percent. The company’s stock has been suspended from trading since April over various demands by the regulator.

--Editor: Douglas Lytle

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James Gomez in Prague at jagomez@bloomber.net


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