- The German government, energy giant Uniper, and its majority shareholder, Fortum, have reached a preliminary agreement under which Germany will nationalize the country’s largest gas importer, sources with knowledge of the plans told Bloomberg on Tuesday.
- Germany aims to save its energy companies which have been amassing losses with the lack of contracted Russian gas supply and the high price they have had to pay on the spot market to replace lost Russian volumes.
- Since the July bailout of Uniper, losses at the German company have continued to mount as the energy crisis in Germany and Europe has worsened.
Germany Could Nationalize Uniper As Early As Next Week
