Oil firm INA prospects for tough sell

Croatia’s only integrated oil company, INA, has sent lenders a request for proposals (RFP) for a new loan. But bank deleveraging in emerging Europe could hinder the process, bankers said.

  • 19 Jan 2012

“In light of asset reduction programmes, it won’t be a 100% easy sell,” said a banker with knowledge of the firm. “You have to price it carefully and consider tenor carefully.”

INA is controlled operationally by Hungarian energy company MOL, and exposure to Hungarian risk is giving lenders further ...

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