- The acquisition of Serbian petrochemical company HIP-Petrohemija LLC Pancevo by Serbia’s Gazprom-owned Naftna Industrija Srbije was approved by the European Commission, the EU’s executive said on Tuesday (20 September).
- HIP-Petrohemija LLC (HIPP) is a petrochemical company active in producing and distributing products such as ethylene, polyethylene and synthetic rubber.
- Naftna Industrija Srbije (NiS) is 56%-owned by Russian state-owned oil company Gazprom Neft, while Serbia and minority shareholders own the remaining 30% and 14%.
Commission OKs plant acquisition by Serbian Gazprom-owned oil company
