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Germany to Nationalize Gas Giant Uniper in Historic Bailout.

Authors :
Henning, Eyk
Sorge, Petra
Source :
Bloomberg.com; 9/20/2022, pN.PAG-N.PAG, 1p
Publication Year :
2022

Abstract

Separately, Fortum confirmed the negotiations are in the final stages and that the elements being discussed include a sale of Fortum's Uniper shares to the German state, return of the financing Fortum granted to Uniper as well as a planned capital injection by the German state to Uniper. (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 and stave off a collapse of the country's energy sector. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
159212127