US Grants Approval, Extends Deadline for MOL to Acquire Serbian NIS Shares Amid Sanctions
The US Treasury's OFAC has extended the deadline and granted approval for Hungary's MOL Group to negotiate the acquisition of a majority stake in Serbian oil company NIS until May 22, as Gazprom and Gazprom Neft are required to sell their shares due to US sanctions.
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U.S. Grants Approval for the Hungarian Oil Deal of the Century
MOL has received U.S. approval to continue negotiations regarding the purchase of a majority stake in NIS, the Hungarian oil company announced Tuesday afternoon. The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has accepted MOL’s application and extended the sanctions license allowing MOL to prepare for and continue negotiations […] The post U.S. Grants Approval for the Hungarian Oil Deal of the Century appeared first on Hungary Today.
By Hungary Today
Read full article →US Authority Extends Deadline for Finalizing Deal on MOL Acquisition of NIS - BBJ - Budapest Business Journal
US Authority Extends Deadline for Finalizing Deal on MOL Acquisition of NIS BBJ - Budapest Business Journal
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