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Finance / Serbia

Parliament Approves Gazprom Neft's 51% Acquisition Of NIS

September 2008 | M&A News Alert

Serbia's parliament has approved an energy deal with Russia which gives Russian state-controlled Gazprom Neft, Gazprom's oil subsidiary, a majority stake in Serbia's Nafta Industrija Srbije (NIS) in exchange for the country's inclusion in Gazprom's South Stream gas pipeline project.

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