The Government of Croatia intends to acquire MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's stake in INA-Industrija Nafte, d.d. (ZGSE:INA). The Government said it has selected a consortium of Morgan Stanley (NYSE:MS), Intesa Sanpaolo Group Scpa and Privredna Banka Zagreb DD [ZGSE:PBZ] to advise it on the possible purchase of the stake. The "€8 million offer of the consortium was evaluated as the most competitive, due to the integrity of the proposed team and its relevant experience in INA's business analysis", the Government said in a statement.

The government-appointed council in charge of negotiations with MOL had already defined the criteria for the purchase of the INA stake, while the investment adviser would be tasked with assessing INA's value and identifying possible strategic partners, said by Croatia's Prime Minister, Andrej Plenkovic.