Germany nationalizes Uniper ...News

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Germany nationalizes Uniper
Berlin now owns a 99% stake in the struggling energy company The German government has completed the bailout of gas importer Uniper, the country’s Economy Ministry and Finance Ministry said in a joint statement on Thursday. The government now controls 99% of the company’s shares. Uniper's shareholders greenlighted the company's rescue deal with the state on Monday. A day later, approval for the move was granted by the European Commission, which was necessary as the bailout is being conducted by an EU member state. “The federal government has acquired a stake in the energy supplier Uniper. The state participation s

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