Negotiations on Uniper’s nationalization nearing completion – DW – 20.09.2022

Published by
Peter Kavinsky

German energy company Uniper close to making a deal to have it nationalized by Berlin amid the crisis caused by reduction of gas supplies from Russia. The company is in the final stages of negotiations with the German government and its main shareholder, Finland’s Fortum, Uniper said in a statement released on Tuesday, Sept. 20.

According to the group, German government, under the discussed plan, will “acquire the shares of Uniper currently owned by Fortum” and thereby “acquire a substantial majority stake in Uniper”. In addition, the state plans to inject another 8 billion euros into the capital of the company.

Fortum, which owns 78% of the shares, confirmed in a separate press release that it is considering selling its stake to the state. The deal also provides for the return of the Finnish company financingthat it had previously provided to Uniper, Fortum reported.

The contract is not yet finalized, the companies note. According to sources, the nationalization agreement could be presented on September 21, according to Reuters.

Also see:

No wind energy without gas?

Please enable JavaScript to view this video and consider upgrading to a web browser that: supports HTML5 video

Peter Kavinsky

Peter Kavinsky is the Executive Editor at

Recent Posts

  • News

222,000 Ian insurance claims filed in Florida as Citizens Insurance adds 7,700 policies and more news

Thousands missing in Florida after Hurricane Yan Hundreds of thousands of Florida residents were left…

6 seconds ago
  • News

As a result of the Russian Federation’s armed aggression in Ukraine, 418 children were killed

On the morning of October 4, more than 1204 children in Ukraine suffered as a…

1 min ago
  • News

The Russian Ministry of Defense showed a video of the combat work of the Orlan-10 crews

Even in ancient times, according to the behavior of wild and domestic birds of prey,…

6 mins ago
  • News

Biden apologizes to family of dead congresswoman at White House after asking where she was

Joe Biden apologized to Congresswoman Jackie Walorski's family at the White House after asking where…

8 mins ago
  • News

News that will upset vehicle owners: There is a hike in gasoline and diesel!

Diesel and gasoline prices are closely followed by vehicle owners. After the brent oil prices,…

10 mins ago
  • News

Henry Cejudo predicts how cross-promotion fight between Alexander Volkanovski and Patricio Pitbull will go

Click Here to Watch this Event Live Online for Free! Henry Cejudo has weighed in…

12 mins ago