Signed: Mol can acquire the Russian stake in the Serbian oil company NIS

The Hungarian company Mol has signed a contract to acquire the Russian stake in the Serbian oil company NIS, pending regulatory approvals. Serbian Finance Minister Sinisa Mali announced that the deal includes an increase in the Serbian state's share from 30% to 35%. Despite earlier reports of stalled negotiations, the agreement marks significant progress. The acquisition is driven by U.S. sanctions on NIS due to its Russian ownership, which necessitated the ownership change. The transaction requires approval from U.S. authorities to finalize.