Breaking News

Total CEO De Margerie Dies in Moscow Plane Crash, Interfax Says
Tweet TWEET

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.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.