MOL Signs Deal to Buy Russian Stake in Serbia’s NIS Oil Company
42 Articles
42 Articles
The expert allowed Trump to lift sanctions against the Russian-Serbian NIS
The expert allowed Trump to lift sanctions against the Russian-Serbian NIS The words of Serbian Deputy Prime Minister and Finance Minister Sinisha Mali about the sale of the Russian stake in the NIS oil company to Hungarian MOL are most likely a...
<p>Serbia has announced an agreement to sell the Russian stake in NIS to the Hungarian MOL - which means MOL has agreed to buy the Russian stake in the Serbian NIS. The deal awaits the approval of antitrust authorities, and Serbia's share will increase to 35%</p>.
NIS is currently 44.85% owned by Gazprom Neft, with an 11.3% stake held by Gazprom-affiliated company Intelligence.
Russia’s majority stake in Serbian oil company NIS will be sold to Hungary’s MOL. The contract has been signed, and the deal is subject to approvals from the antitrust authorities of Serbia and Bosnia and Herzegovina, Serbian Finance Minister Sinisa Mali told Bloomberg Adria. “The agreement between the Russian side, which is the majority owner, and the Hungarian MOL has been reached. The contract has been signed. We as a state have also conclude…
The agreement on the takeover of the majority Russian ownership share in the Oil Industry of Serbia (NIS) by the Hungarian company MOL has been signed, and the completion of the transaction requires obtaining the consent of the competent commissions for the protection of competition in Serbia and Bosnia and Herzegovina, said Minister of Finance in technical mandate Siniša Mali.
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