Nationalization of German gas giant approved

Nationalization of German gas giant approved – Reuters ...News

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Uniper has avoided insolvency after shareholders agreed on the firm’s bailout by the government Shareholders of struggling German gas importer Uniper on Monday approved the company’s state bailout, which has so far cost the government more than €50 billion ($54 billion), Reuters reports. The company’s investors reportedly voted in favor of the two main measures, an €8 billion ($8.4 billion) capital injection by the state and allowing a further injection of up to €25 billion (nearly $27 billion). Uniper CEO Klaus-Dieter Maubach reportedly called a virtual extraordinary shareholder meeting earlier on Monday to appro

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Nationalization of German gas giant approved – Reuters ...News

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