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Germany to Inject $8 Billion in Uniper Nationalization Plan.
- Source :
- Bloomberg.com; 9/20/2022, pN.PAG-N.PAG, 1p
- Publication Year :
- 2022
-
Abstract
- As part of the deal, Germany will buy Fortum's 78% stake in Uniper and the money injected in the Dusseldorf-based utility will allow it to repay a Fortum loan. (Bloomberg) -- The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalize the gas giant in a push to stave off a collapse of the country's energy sector. [Extracted from the article]
- Subjects :
- GOVERNMENT ownership
FINANCIAL bailouts
GOVERNMENT debt limit
STOCK prices
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 159212087