The deal with Uniper builds on a rescue package agreed to in July and features a capital increase of 8 billion euros that Germany will finance. As part of the agreement, the government will gain a 99% stake in the energy supplier, which until now was controlled by Finland-based Fortum. The Finnish government has the largest stake in Fortum.Germany's economy minister, Robert Habeck, said the deal was necessary because of the significance that Uniper plays in the German gas market.
Habeck noted that Germany has managed to fill its gas storage facilities to over 90% capacity in preparation for the winter heating season despite Russia halting gas deliveries through the Nord Stream 1 pipeline. Wholesale prices for gas have almost halved since the summer, he said. German Finance Minister Christian Lindner made clear the government decision to nationalize Uniper was taken "in large part because of the enormous increase in economic risks there, which would no longer have been borne privately."
Tytti Tuppurainen, the Finnish minister responsible for government-controlled companies, said in a news conference that the Uniper deal was "inevitable" so that Fortum's losses could be limited and the Finnish state would no longer have to capitalize the troubled Espoo, Finland-based energy group.
They say Putin is in panic mode, calling on reservists for mobilization. On the other side, Germany is doing nationalization of one energy company after another. Not sure who is in real panic mode. We will see the results after the end of Winter!
Nice True bolshevik move