Serbian businessman submits offer to buy Gazprom's stake in NIS

Serbian businessman Ranko Mimović announced he has sent an irrevocable letter of intent to Gazprom and Gazprom Neft expressing his firm intention to purchase their entire ownership in Serbia's Naftna industrija Srbije (NIS). Mimović, director and owner of "KFT Senator Treasury G.T.7 Dva" from Subotica, stated that the letter was addressed to Gazprom Management Board Chairman Alexey Miller.

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I have today sent an irrevocable letter of intent to the Chairman of the Management Board of Gazprom, Alexey Miller, for the purchase of the entire ownership of Gazprom and Gazprom Neft in the Oil Industry of Serbia (NIS).

In his correspondence, Mimović informed Miller of his "firm, serious, and irrevocable intention" to acquire the combined 56.15% stake held by the two Russian firms in NIS. To ensure full regulatory compliance with international standards, KFT Senator Treasury G.T.7 Dva submitted a request to the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on October 30, 2025, for a special license to acquire majority ownership in NIS. This request was further refined and supplemented on November 24, 2025, with intensive communication ongoing with OFAC representatives.

Mimović stated that his company has fully responded to all OFAC requests for documentation regarding the source of funding, investor structure, participant status, and corporate details. He indicated that the application is in the final stages of review by OFAC's senior management. Mimović also confirmed he has informed Serbian President Aleksandar Vučić and the Minister of Mining and Energy, Dubravka Đedović Handanović, of his intention to purchase the majority Russian share in NIS.

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To ensure full regulatory compliance of this transaction with valid international regulations, the company KFT Senator Treasury G.T.7 Dva submitted a request to the Office of Foreign Assets Control (OFAC) at the U.S. Department of the Treasury on October 30, 2025, for the issuance of a special license, or approval, for the acquisition of majority ownership in NIS.

"KFT Senator Treasury G.T.7 Dva" is prepared to meet Serbia's reasonable requirements and expectations regarding NIS's future status and operations, focusing on energy stability, business continuity, investment obligations, and job preservation, as well as long-term development. Mimović asserted that his company possesses 2 billion euros ($2.33 billion) to fund the acquisition of the majority Russian stake in NIS and is ready to sign a Non-Disclosure Agreement to proceed with negotiations for the purchase agreement.

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I assert under full material and legal responsibility that the company KFT Senator Treasury G.T.7 Dva possesses financial resources of two billion euros or 2.33 billion dollars for the purchase of the majority Russian share in NIS.