Germany to nationalize Russian gas subsidiary – Der Spiegel ...News

Gazprom’s unit will reportedly be seized without compensation The German government will take control of Securing Energy for Europe (SEFE), formerly Gazprom Germania, a subsidiary of Russian energy giant Gazprom, Der Spiegel reported on Thursday, citing its sources. “After the nationalization of the Dusseldorf energy group Uniper, the federal government is planning further drastic interventions in the German gas market. According to Spiegel information, SEFE, which is already under federal trusteeship, is also to be handed over to the state,” the outlet wrote. The move is linked to the bailout of major German gas

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