Croatia proposed talks with Hungary’s Mol Nyrt. over the “future and history” of the jointly owned INA Industrija Nafte d.d. just weeks after Croatian prosecutors renewed investigation into Mol’s Chairman Zsolt Hernadi’s role in the 2009 acquisition.
Hungary failing to reach a bailout agreement with the International Monetary Fund would raise the risk of the government extending special industry taxes, said the head of the country’s largest company.
Hungarian Prime Minister Viktor Orban’s government said it would fight a Croatian arrest warrant against Mol Nyrt. Chief Executive Officer Zsolt Hernadi and told the company to consider selling its Zagreb-based unit.
A Hungarian court rejected a Croatian arrest warrant against Mol Nyrt. Chairman Zsolt Hernadi that was issued after he failed to testify in a corruption probe of how Mol gained control of its Croatian unit.