Expanding in Circular Economy
THE HISTORY OF INA & MOL, 2003-2022
LEGAL PROCEEDINGS
OWNERSHIP
SHAREHOLDER
AGREEMENTS
RULLINGS
1ST SHAREHOLDER RIGHTS AGREEMENT (SHA):
MOL ALLOWED TO NOMINATE TWO MEMBERS
TO THE SUPERVISORY BOARD, THE CFO AND A
VP TO THE MANAGEMENT BOARD
MOL ACQUIRES A 25% STAKE
IN INA PLUS 1 SHARE
(USD 505 MN)
1ST AMENDMENT
MOL GROUP INCREASES
STAKE IN INA TO 47.1%
(USD 1.18 BN)
STORYLINE
MOL AND THE GOVT OF CROATIA SIGN THE GAS
MASTER AGREEMENT (GMA) AND AN
AMENDMENT TO THE FIRST SHAREHOLDERS
AGREEMENT (FASHA) BY WHICH MOL GAINS
FULL MANAGEMENT CONTROL ON INA.
UNDER THE FASHA, MOL DELEGATES FIVE
OUT OF NINE MEMBERS TO THE
SUPERVISORY BOARD AND THREE OUT OF
SIX MEMBERS TO THE MANAGEMENT
BOARD, INCLUDING THE PRESIDENT
(WITH THE TIE-BREAKING VOTE).
MOL GROUP ACQUIRES AN
ADDITIONAL 2% STAKE IN INA
(USD 131 MN)
MOL GROUP HOLDS 49.1%
IN INA AS DECEMBER 2018
(USD 1.8 BN)
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
CROATIA BEGINS INVESTIGATION OF EX-PM IVO SANADER FOR ALLEGEDLY BEING OFFERED A €10MN BRIBE BY
MOL FOR SECURING MANAGEMENT RIGHTS IN INA. THE INVESTIGATION ALSO TARGETS MOL CHARIMAN/CEO.
HUNGARIAN PROSECUTION LAUNCHES INVESTIGATION ON SUSPICION OF BRIBERY IN CONNECTION WITH FASHA
MOL FILES A REQUEST FOR ARBITRATION WITH THE INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES TO
START ARBITRATION PROCEEDINGS VS THE GOVT OF CROATIA FOR BREACHING CONTRACTUAL OBLIGATIONS UNDER THE
FASHA/GMA. Final AWARD is expected by the end of 2021.
CROATIAN REGULAR (1st and 2nd inst.) COURTS FIND THE EX. PM GUILTY OF ACCEPTING THE ALLEDGED BRIBE
A BUDAPEST COURT REJECTS CROATIA'S REQUEST FOR EXTRADITION OF MOL CHAIRMAN/CEO
THE CONSTITUTIONAL COURT OF CROATIA REVOKES TWO PREVIOUS LOWER INSTANCE RULLINGS AND ORDERED FOR RETRIAL
HUNGARIAN PROSECUTION DECLARES THAT THE CRIMINAL ACCUSTATION RAISED
BY CROATIA ON SUSPICION OF BRIBERY IS UNFOUNDED. INVESTIGATION ENDS.
CROATIAN BRIBERY INVESTIGATION INTO EX CROATIA PM AND MOL CHAIRMAN/CEO
今
CROATIA ISSUES EUROPEAN ARREST
WARRANT (EAW) FOR MOL CHAIRMAN/CEO.
CROATIA REQUESTS INTERPOL TO PLACE A
RED NOTICE FOR THE ARREST OF MOL
CHAIR/CEO. INTERPOL ACCEPTS.
AFTER THE CROATIAN CONSTITUTIONAL COURT QUASHED THE 1ST AND 2ND
INSTANCE CONVICTION OF EX-PM SANADER IN 2015, RETRIAL STARTED
AGAINST MR. SANADER AND HERNÁDI (FOR ALLEGED BRIBE FOR SECURING
MOL'S MANAGEMENT RIGHTS IN INA)
CROATIA GOVT LAUNCHES ARBITRATION UNDER UNCITRAL
RULES SEEKING NULLIFICATION OF THE 2009 FASHA/GMA,
CLAIMING THAT MOL UNLAWFULLY OBTAINED
MANAGEMENT RIGHTS
THE ICSID COURT OF ARBITRATION
DELIVERED ITS VERDICT IN THE
CASE BETWEEN CROATIA AND
MOL. THE COURT UNANIMOUSLY
REJECTED CROATIA'S OBJECTION
THAT THE AGREEMENTS
CONCLUDED IN 2009 ARE A
RESULTS OF CRIMINAL CONDUCT
AND DELIVERED A RULING THAT
CROATIA CAUSED SUBSTANTIAL
DAMAGES TO INA, THEREFORE
MOL WAS AWARDED A TOTAL OF
USD 236MN IN DAMAGES.
FOR CERTAIN PERIOD OF
TIME INTERPOL CANCELED
THE RED NOTICE, EAW
STILL STANDS
IN 2021 THE COURT FOUND MR HENADI AND DR SANADER FOUND GUILTY OF
ENGAGING IN BRIBERY, IN THIS VERDICT THE COURT SENTENCED MR HERNADI
TO 2 YEARS IN PRISON. MR HERNÁDI WILL FILE A CONSTITUTIONAL COMPLAINT
TO THE CROATIAN CONSTITUTIONAL COURT.
UNCITRAL REJECTS ALL OF CROATIA'S CLAIMS AIMING AT
NULLIFYING THE 2009 FASHA/GMA. ALLEGATIONS OF
BRIBERY, BREACHING THE 2003 SHA AND NOT ACTING
WITHIN CROATIAN COMPANY LAW ARE ALL DISMISSED.
SWISS SUPREME COURT CONFIRMS RULING.
MOL IS CLEARED.
GOVERNMENT OF CROATIA
CHALLANGED THE UNCITRAL
AWARD BEFORE THE SWISS
SUPREME COURT ON THE BASIS OF
THE FINAL CONVICTON IN THE
CROATIAN CRIMINAL PROCEEDING.
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
HUNGARIAN BRIBERY INVESTIGATION INTO MOL CHAIRMAN/CEO
ARREST WARRANT FOR MOL CHAIRMAN/CEO
ICSID ARBITRATION
UNCITRAL ARBITRATION
MOLGROUP | 71View entire presentation