Germany To Nationalize Uniper For An Additional 8 Billion Euros ...Middle East

OILPRICE - Economy
Germany To Nationalize Uniper For An Additional 8 Billion Euros
source : OILPRICE ( Middle East ) () 21
The German government will soon own 99% of energy giant Uniper under a deal with Germany’s top gas importer and its majority shareholder, Finland-based firm Fortum, aimed at preventing a collapse of the German energy and gas suppliers. The German government, Uniper, and Fortum agreed on Wednesday to amend the bailout package from July with a new deal, which will see Germany holding 99% of Uniper and a state-owned bank providing credit lines to Uniper according to its needs, the German energy giant said in a statement. The agreement involves…

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