German gas giant Uniper nationalized amid spiraling Energy Costs

World Economy, World Politics - Geopolitics
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German gas giant Uniper nationalized

The German government is to become the majority shareholder in Uniper. As Germany’s largest gas importer, the company has burned through cash reserves after Russia cut off supplies. The German government will acquire a 99% stake in the ailing gas importer Uniper, as Russia’s gas supply freeze threatened to drive the company into bankruptcy.

Credit DW News

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