A Hungarian court cleared Mol Nyrt. Chairman Zsolt Hernadi of bribery charges in the acquisition of Zagreb-based refiner INA Industrija Nafte d.d., as Croatian authorities pursue the company’s chief in a parallel case.
Croatia will await the results of an investigation into trading in INA Industrija Nafte d.d . stock before enforcing laws to limit private ownership in the oil and gas company, Prime Minister Jadranka Kosor said.
Mol Nyrt. fell to a two-year low after Hungary’s largest refiner warned it may sell its INA Industrija Nafte d.d. unit as talks with the Croatian government over management rights in the company stalled.