MOL secures OFAC licence to continue NIS acquisition talks
Key highlights
- OFAC granted MOL a licence to continue negotiations on purchasing a majority shareholding in Naftna Industrija Srbije (NIS) until 16 June 2026.
- A prior licence extension was granted on 22 May 2026 and negotiations have progressed materially since then.
- The current licence extension specifically allows MOL to finalise transaction documentation.
- The licence was issued by the Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury.
US licence extension
MOL received an official licence from the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury to continue negotiations on the purchase of a majority shareholding of Naftna Industrija Srbije a.d. (NIS) until 16 June 2026.
Progress and next steps
Following a licence extension granted on 22 May 2026, negotiations have progressed materially and the current additional licence extension allows for the finalisation of transaction documentation.
Source: MOL Group