Percorso:ANSA > Nuova Europa > Germany > Germany signs deal to nationalise gas giant Uniper

Germany signs deal to nationalise gas giant Uniper

Company's Finnish owner said Wednesday

21 September, 08:54
(ANSA-AFP) - BERLIN, SEP 21 - The German government has signed a deal to nationalise troubled gas giant Uniper, the company's Finnish owner said Wednesday, as the energy sector reels from the fallout of Russia's war in Ukraine. Fortum said in a statement that Berlin will inject eight billion euros ($8 billion) in cash in Uniper and buy the Finnish firm's shares for 500 million euros, giving Germany a 98.5 percent stake in the gas company. "Under the current circumstances in the European energy markets and recognising the severity of Uniper's situation, the divestment of Uniper is the right step to take, not only for Uniper but also for Fortum," said Fortum chief executive Markus Rauramo. (ANSA-AFP).

© Copyright ANSA - All rights reserved