Serbia to Submit Final NIS Proposal to Hungary MOL
The Serbian government will submit its final position today regarding the Hungarian oil company MOL's bid for a majority stake in NIS. The deal follows U.S. demands for Russian divestment, with MOL's board expected to reach a decision on the proposal by Monday.
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Serbia will submit its final proposal to MOL by the end of Friday regarding the takeover of oil operator NIS. The deal involves transferring a 56% majority stake from Russia-owned Gazprom Neft and Gazprom to the Hungarian firm. Completion of the sale by May 22 is required to comply with United States sanctions following the invasion of Ukraine.
