Croatian Prime Minister Andrej Plenkovic reiterated that an initial public offering (IPO) of 25 % of the shares of state-owned power utility HEP is the most efficient, fastest, simplest and cleanest option for obtaining funds for the buyout of MOL’s stake in oil company INA, which will also enable the state to entirely control the process.
PM Plenkovic said that the Government is open to talks on finding the most suitable solution. According to him, all options are currently on the table, but the initial one – the IPO of HEP’s shares, is still the best as it does not generate any new debt and it will allow a transparent and practicable process.
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