The German government on Wednesday agreed the nationalization of energy giant Uniper as it strives to keep the industry afloat in the wake of the energy crisis.
Having already agreed in July to bail out the major gas importer with a 15 billion euro rescue deal, the state will now buy out the 56% stake of Finland's Fortum for a further 500 million euros.as it strives to keep the industry afloat in the wake of a worldwide energy crisis.
Having already agreed in July to bail out the major gas importer with a 15 billion euro rescue deal, the state will now buy out the 56% stake of Finland's"Since the stabilisation package for Uniper was agreed in July, Uniper's situation has further deteriorated rapidly and significantly; as such, new measures to resolve the situation have been agreed," Fortum announced in a statement on Wednesday morning.
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