Germany: Gas company Uniper says it′s in ′final talks′ on possible government takeover | 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.

“As a result it is foreseen that the federal German government would take on a significant majority stake in Uniper,” the company said in a later statement. “The final agreement is not yet completed.”

Uniper’s largest shareholder currently is the Finnish state-owned energy company Fortum. News agency Reuters cited unnamed sources familiar with the…

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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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