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Story summary
- MOL Group intends to acquire a 56.15% stake in Naftna Industrija Srbije (NIS), Serbia's state-owned oil supplier.
- The deal requires approval from the U.S. Office of Foreign Assets Control because NIS is under U.S. sanctions.
- MOL Group CEO Zsolt Hernadi says the purchase would expand their regional energy presence and would target completion by March 31.
- Serbia's Energy Minister confirms the agreement would raise Serbia's stake in NIS by 5%.
