NIS Says Bosnian Regulator Approves Takeover of OMV Gas Stations
Naftna Industrija Srbije AD (NIIS), the Serbian oil and gas company, said it’s completing the takeover of 28 gas stations in Bosnia-Herzegovina from Austria’s OMV AG (OMV) tomorrow, after the local regulator approved the purchase.
OMV agreed to sell its fuel retail business in Bosnia to OAO Gazprom Neft-controlled NIS in November, including a storage facility in capital Sarajevo, the Novi Sad-based company said in an e-mailed statement. NIS seeks to expand regionally for selling fuels made in its refinery in Pancevo near Belgrade.
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