Hungary's MOL has U.S. approval to continue NIS acquisition talks

ReutersMar 24, 2026 4:32 PM

View all comments（0）



BUDAPEST, March 24 (Reuters) - Hungary's MOL said it received U.S. approval to continue negotiations regarding the acquisition of a majority stake in Serbia's NIS refinery, with the deadline for negotiations extended until May 22.

In December, the U.S. Treasury's Office of Foreign Assets Control (OFAC) gave NIS until March 24 to negotiate the divestment of the stakes held by Russian firms Gazprom GAZP.MM and Gazprom Neft SIBN.MM, at 44.9% and 11.3% respectively.

In January, MOL said it had signed a binding agreement with Russian companies to buy their stakes in NIS and the United Arab Emirates' ADNOC would be a minority stakeholder.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SKC Invests 1.17 Trillion Won in Glass Substrates, Can It Help SK Hynix Further Widen the Gap With Samsung?

TradingKey - SKC, a materials unit of South Korea’s SK Group, recently announced plans to raise 1.17 trillion KRW through a rights issue. Approximately 589.6 billion KRW will be allocated to its U.S. subsidiary, Absolix, for glass substrate mass production plans over the next three years. This marks

Anthropic in Talks for Massive $30 Billion Funding, Valuation May Join Trillion-Dollar Ranks

TradingKey - On May 12, Eastern Time, Bloomberg reported that AI startup Anthropic is in preliminary discussions with investors to raise at least $30 billion in new capital at a pre-money valuation exceeding $900 billion. If the deal is finalized, it would mark the company's largest funding round to

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

Palantir Stock Forecast: Is a Trillion-Dollar Market Cap for PLTR Stock Achievable by 2030?

Whether Palantir reaches the trillion-dollar level will depend on whether it can maintain its technological lead and successfully make the transition from a U.S.-centered powerhouse to a global AI utility.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools