MOL confirms: A framework agreement has been signed to acquire majority ownership in NIS

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MOL confirms: A framework agreement has been signed to acquire majority ownership in NIS

MOL Group has signed the main provisions of a binding framework agreement (Heads of Agreement) with Gazprom Neft for the purchase of a 56.15% stake in the Serbian company Naftna Industrija Srbije (NIS).

Upon completion of the transaction, MOL will assume significant shareholder responsibilities and management rights in the company that operates Serbia’s only refinery, further strengthening its presence in the energy market of Central and Southeastern Europe. In addition to the Pančevo oil refinery, NIS also owns a retail network and a portfolio in exploration and production, the statement said. The transaction, which will be carried out after the fulfillment of

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