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“Negotiations with the seller and the relevant authorities are ongoing in order to finalize the transaction,” MOL said.
MOL signed a heads of terms agreement in January on the acquisition of a 56.15% stake in NIS from Russia’s Gazprom Neft which was targeted by United States sanctions.
The state of Serbia holds a 29.87% stake in NIS.
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury recently extended a deadline for winding up talks on the acquisition of the NIS stake until June 16.
Serbian Energy Minister Dubravka Dedovic Handanovic said on Wednesday that Serbia had reached a compromise with MOL on the shareholders’ agreement.
In a post on Instagram, she said the agreement with MOL provides Serbia with “additional rights in decision-making or blocking important decisions”.
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