What did MOL receive from the U.S. Treasury's OFAC, and until when does it allow negotiations with NIS to continue?

MOL received approval from the U.S. Treasury's Office of Foreign Assets Control (OFAC) to continue talks on purchasing a majority stake in Serbia's Russian-owned oil firm NIS until June 6. The deadline for these talks expired on Friday, and the company stated it has entered the final phase of very complex negotiations, remaining optimistic while acknowledging that certain terms and conditions still need to be finalized in the coming weeks.

Who made the official statement about the status of MOL's negotiations with NIS, and what was the key message conveyed?

Zsolt Hernadi, Chairman and CEO of MOL Group, made the official statement, saying: 'We entered into the final phase of these very complex negotiations. We are optimistic, however, certain terms and conditions remain to be finalized over the coming weeks.' This conveys that while MOL is confident about reaching a deal, critical contractual and regulatory details are still unresolved as the negotiation window extends to June 6 under OFAC authorization.

MOL Receives U.S. Approval to Continue NIS Acquisition Talks Until June 6

May 22, 2026

Hungarian oil group MOL secured U.S. Treasury approval to extend negotiations for acquiring Serbia's Russian-owned NIS until June 6. CEO Zsolt Hernadi expressed optimism despite complex terms remaining to be finalized.

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