Hungary's MOL Takes Control of Serbia’s Oil Giant NIS After Russian Exit
Federaţia Rusă
After prolonged negotiations triggered by US sanctions, the Russian-controlled stake in Serbia ’s oil company NIS has been transferred, Serbian daily Politika reported. The move follows months of uncertainty surrounding the company’s ownership and operations. A total of 56.15% previously held by Russian interests has been sold to Hungary ’s MOL , while a portion of the shares is expected to be taken over by investors from the United Arab Emirates. At the same time, the Serbian state will expand
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