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MOL acquires majority stake in NIS oil firm
PRIVATEJul 01, 2026•8 days ago
Acquiring Company
MOL Group
Acquired Company
NIS a.d. Novi Sad
TurkeySerbiaEnergyOil And GasEnergyOil And GasBiomass Energy
Description
MOL Group has obtained approval from the U.S. Treasury to proceed with the acquisition of a 51.56% stake in Serbia's NIS oil company. The transaction, currently owned by Russian firms, is aimed at expanding MOL's energy portfolio. Negotiations will continue until July 31 to finalize the deal.
Company Information
Company
MOL Group
Location
Turkey
About
MOL Group is a leading integrated oil and gas company in Central and Eastern Europe. It engages in the exploration, production, refining, and distribution of oil and gas. The company is also involved in petrochemical production and retail services. MOL is committed to sustainable development and innovation in the energy sector.