Berlin to nationalize gas giant – Reuters ...News

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Uniper has been asking for a state bailout as it incurs daily losses of €100 million The German government is closing in on a provisional agreement with Uniper and Fortum, its Finnish parent company, to nationalize the utility which is bleeding cash due to the energy crisis that has been raging across the EU over the last few months, Reuters reported on Tuesday, citing people familiar with the talks. Berlin is expected to announce the consummation of the deal later this week, although contracts have not yet been signed, Bloomberg reported. Earlier this month, Uniper, Germany’s largest gas importer, asked for extra

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