July 14 (SeeNews) - Croatian oil and gas company INA [ZSE:INA-R-A] has paid 23 million marka ($13.1 million/11.8 million euro) to Hungary's MOL for a 33.5% stake in Bosnia's Energopetrol, data published with the Sarajevo bourse revealed on Thursday.
SEE Investment Solutions participated in the sale and purchase of a total of 1,840,129 Energoinvest shares, or 33.5% of the company's total share capital, at a price of 12.5 marka apiece, the Sarajevo Stock Exchange said in a statement.
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Earlier this week, INA confirmed it has increased its stake in Energopetrol to 67%, after signing an acquisitions deal with MOL which saw INA gain an additional 33.5% in the Bosnian company.
Following the transaction MOL is no longer a direct shareholder in Energopetrol. Bosnia's Muslim-Croat Federation entity holds 22% in the fuel retailer, while the remainder is in the hands of small shareholders.
Earlier this year, the Federation said it plans to sell its equity in Energopetrol in 2016.
The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.
(euro= 1.95583 Bosnian marka)