Serbia reaches preliminary deal to sell majority stake in NIS to Hungary's MOL


BELGRADE, Jan. 19 (Xinhua) -- Serbia has reached a preliminary agreement with Hungary's MOL Group and Russia's Gazprom Neft on the sale of a majority stake in Serbian oil company NIS, a move aimed at safeguarding the Balkan country's energy security amid international sanctions on Russian entities.

The deal, announced Monday by Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic, would see MOL acquire the 56.15 percent stake currently held by Gazprom Neft and other Russian shareholders in NIS.

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