MOL obtains U.S. approval: Talks on taking over NIS continue
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The Office of Foreign Assets Control (OFAC) at the U.S. Department of the Treasury has approved MOL’s request and extended the deadline for negotiations on the purchase of a majority stake in Petrol Industry of Serbia (NIS) until May 22.
The license extension approved by OFAC allows the parties to finalize the purchase agreement and other transaction documents in accordance with the terms of the Framework Agreement signed in January 2026, and enables U.S. financial institutions to participate in executing the transaction. Upon completion of the transaction, MOL will be able to acquire the 56.15 percent stake held by the Gazprom group in the Serbian company NIS, taking on significant shareholder
