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(E) Private ENTREPRENEUR Offers 10 % HIGHER BID FOR INA
By Nenad N. Bach | Published  07/16/2003 | Business | Unrated
(E) Private ENTREPRENEUR Offers 10 % HIGHER BID FOR INA

 

PRIVATE ENTREPRENEUR OFFERS
10 PERCENT HIGHER BID FOR INA

 

The round table organised to debate the privatisation of the
Croatian oil company INA Wednesday failed to gather more than
10 participants. Vesna Skare Ozbolt of the Democratic Centre
presented the views of her party, the Croatian Democratic union,
the Croatian Social Liberal Party and the Croatian Party of
Rights in their demand that the government halt the sale of
the company to MOL. Private entrepreneur Zvonko Zubak called
upon all to prevent the privatisation of the company and asked
that it be sold to Croatian citizens. He reiterated his bid
for the purchase of the company, which he claims is priced at
10 percent higher than the bid submitted by MOL. As the new
owner, he promised job for all present employees, a pay raise
of 20 percent and that 5 percent of the company's earning would
go to charity over the next 50 years. He also said he would
give the government a loan to purchase 25 percent of MOL or
OMV shares.

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