Croatia Shows No Sign of Interest in MOL's INA Stake

Hungarian oil and gas group MOL has not received any official notification from the Croatian government indicating that Zagreb would want to purchase MOL's stake in Croatian energy firm INA, MOL said on Friday.

In a reply to Reuters questions, MOL reiterated that its aim was to reach an agreement with Croatia that could "lead to value creation through the execution of INA's growth strategy."

"However, based on its authorization the Executive Board has also started the preparations for the sale of MOL's stake in INA in order to be able to maximize the value of its investment," MOL added.

Earlier on Friday, a fresh round of talks between MOL and the Croatian government had failed to bring any progress in the standoff over INA.

(Reporting by Krisztina Than)