Ad
The deal remains subject to the withdrawal of Uniper's lawsuit against the Netherlands under the controversial Energy Charter Treaty (Photo: Roel Wijnants)

Germany nationalises gas giant Uniper amid energy crisis

Germany confirmed on Wednesday (21 September) the nationalisation of Uniper, the country's largest gas-importer — in a bid to secure operations and prevent supply shortages, in the wake of Russia's supply cuts.

Under a capital injection and share-purchase deal, the German state will now own 98.5 percent of Uniper. But the purchase still needs to be approved by the European Commission.

As part of the deal, which builds on a €15bn stabilisation package agreed upon in July, the feder...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

The deal remains subject to the withdrawal of Uniper's lawsuit against the Netherlands under the controversial Energy Charter Treaty (Photo: Roel Wijnants)

Tags

Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

Ad

Related articles

Ad
Ad