INA deal gets anti-trust clearance

According to SeeNews - Croatia's Competition Agency (AZTN) has granted conditional approval to a deal that will give Hungary’s MOL control over Croatian blue-chip oil and gas company INA.

This is exciting news for the chemical sector in Croatia which links heavily into INA for feedstocks. According to ICIS plants and projects the following facilities exist in Croatia.

	Croatia	Omisalj, Krk	Polyethylene low density	70000 tonne/year	Operating
	Dioki dd	Croatia	Zitnjak	Ethylene	90000 tonne/year	Operating
	Dioki dd	Croatia	Zitnjak	Polyethylene low density	85000 tonne/year	Operating
	Dioki dd	Croatia	Zitnjak	Polystyrene	57000 tonne/year	Operating
	Dioki dd	Croatia	Zitnjak	Polystyrene, expandable	12000 tonne/year	Operating
	Petrokemija dd	Croatia	Kutina	Ammonia	450000 tonne/year	Operating
	Petrokemija dd	Croatia	Kutina	Ammonium nitrate	450000 tonne/year	Operating
	Petrokemija dd	Croatia	Kutina	Urea	495000 tonne/year	Operating

The two companies will have a 55-65% combined share of the retail market and it must be reduced through the disposal over the next nine months of INA's Crobenz business, online business news portal Bankamagazine (www.bankamagazine.hr) reported, quoting AZTN president Olgica Spevec as telling reporters.