Hungary's MOL offered up to 1 billion euros for Serbia's NIS oil firm, Vucic says

Core Viewpoint - Hungary's MOL has agreed to acquire a majority stake in Serbia's oil firm NIS from its Russian owners for up to 1 billion euros (approximately $1.19 billion) as announced by Serbian President Aleksandar Vucic [1] Group 1 - MOL's acquisition of NIS represents a significant investment in the Serbian energy sector, indicating a strategic move to enhance its presence in the region [1] - The deal highlights the ongoing shifts in ownership within the energy industry, particularly involving Russian assets amid geopolitical tensions [1] - The financial commitment of up to 1 billion euros underscores MOL's confidence in the growth potential of NIS and the Serbian market [1]