Germany considering nationalization of Uniper gas company | News | DW

Germany is nearing a provisional agreement to nationalize energy company Uniper amid the ongoing fallout from Russia’s invasion of Ukraine, according to reports released by Bloomberg and later by other German media. 

A spokesperson for the company on Tuesday said parties involved in discussions were looking at a possible capital injection that would mean the German government taking a significant majority stake in the ailing gas importer.

Uniper’s largest shareholder currently is the Finnish state-owned energy company Fortum. This may lead to a conflict of interest. News agency Reuters cited unnamed sources familiar with the negotiations as saying that Fortum’s exit from Uniper’s ownership structure would be a part of the rescue package. 

Reuters also reported that a finalized…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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