Germany in Talks to Nationalize Uniper After Russian Natural-Gas Halts - The Wall Street Journal
BERLIN—Germany is in talks to nationalize energy giant Uniper SE, seeking to save a systemically important supplier that was hit hard by throttled Russian gas flows to Europe, the company said on Tuesday.
Germany’s largest importer of Russian natural gas until recently, Uniper suffered heavy losses after Moscow throttled supplies in recent months and was forced to buy gas on the market where prices have hit records.The German state in July pledged to take a 30% stake in Uniper and extended credit lines as part of a bailout package.
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