Serbian Finance Minister: The contract for the sale of the Russian stake in NIS in Serbia has been signed with Moll

The Serbian NIS oil company's sale of its Russian stake to MOL has been signed, pending regulatory approvals. Serbian Finance Minister Sinisa Mali confirmed the agreement, stating that the Serbian government's stake will increase from 30% to 35%. The deal is crucial for MOL, as acquiring a majority stake would make it the sole operator of Serbia's oil refinery, significantly boosting its regional influence. NIS also has interests beyond Serbia, including operations in Romania and Bosnia. The deal's success hinges on regulatory approvals, with expectations for a swift conclusion.