EU clears German energy giant nationalization – Reuters ...News

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EU clears German energy giant nationalization – Reuters
source : Russia Today ( News ) () 37
Uniper was brought to the brink of bankruptcy over halted gas deliveries from sanctioned Russia The European Commission (EC) has approved the takeover of struggling gas importer Uniper by the German government, Reuters reported on Friday. The acquisition was reportedly approved under the EU merger regulation after the conclusion that the proposed takeover would raise no competition concerns. The commission also still needs to approve Uniper's bailout under state aid rules, which will essentially mean a full nationalization, writes Reuters. “The transaction was prompted by the ongoing European energy crisis, in par

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