Mol’s private offer to buy INA shares at 2,800 kuna has stirred many waters, including small shareholders who still hold eight percent of the shares.
Namely, if they wish to sell their share, those who purchased shares in the name of their minor child must first obtain approval from the relevant social welfare center in order to sell them. The Ministry of Health and Social Welfare explains that, according to the provisions of the Family Law, parents are left with the freedom to assess the interests of the minor child themselves and to decide on the conclusion of a legal transaction, but this independence is limited in concluding transactions related to the alienation or encumbrance of the minor child’s property.
Therefore, if they wish to sell the shares, they must submit a request to the relevant social welfare center according to their place of residence or temporary residence. In addition, they are required to attach all documentation that proves the facts stated in the request for the sale of the minor child’s shares. – Most parents carefully and purposefully use the money of the minor child, but for that minority of parents who behave differently, the legislator has provided for repressive measures – emphasize the Ministry of Health and Social Welfare. This is yet another element that could slow down Mol’s path to majority ownership of INA. (J. T.)
