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Germany reaches deal to nationalise troubled gas giant Uniper

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BERLIN, Sept 21 — Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the energy sector reels from the fallout of Russia’s...

BERLIN, Sept 21 — Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the energy sector reels from the fallout of Russia’s war in Ukraine.

One of the biggest importers of Russian gas, Uniper has been squeezed as Moscow has reduced supplies to the continent in the wake of its invasion of Ukraine in February. But Uniper announced earlier this month that the two sides were exploring a possible nationalisation as the energy crisis showed no signs of abating.

Earlier in September, the German government entered into discussions with another gas supplier, VNG, over a possible bailout package.

 

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