Hungary's MOL has agreed to pay up to 1 billion euros to buy a majority stake in Serbia's oil firm NIS from its Russian owners, Serbian President Aleksandar Vucic said on Monday.
On January 19, MOL said it had signed a binding agreement to buy the 56.16% stake in NIS owned by Gazprom Neft and Gazprom without disclosing the price. The United States had placed NIS under sanctions in October as it targeted Russia's energy sector over Moscow's war in Ukraine.
"As far as I understood, it the price was between 900 million and a billion euros for the 56% stake," Vucic said in a live broadcast on Belgrade-based Blic TV.
The U.S. Office of Foreign Assets Control (OFAC) must approve the transaction. It had given the Russian companies until March 24 to divest their ownership.
Full story Hungary's MOL offered up to 1 billion euros for Serbia's NIS oil firm, Vucic says | Reuters
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