Germany Nationalizes Biggest Gas Importer Uniper to Avert Collapse of Energy Sector

Germany nationalized Uniper, its largest utility company and importer of natural gas, on Sept. 21, in a move to keep its domestic energy industry afloat and to avert a collapse of the energy sector.
The government in Berlin had earlier bailed out its largest gas importer in July with a $14.95 billion rescue loan, in the middle of a worldwide energy crisis caused by the war in Ukraine.
The German government will now buy out the 56 percent stake already held by Finland’s Fortum for $501 million.
The deal will inject about $7.9 billion into the company via a capital boost at $1.68 a share, according to Uniper’s website….

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