Germany is set to buy Fortum's 78% stake in Uniper and inject a further €8 billion into the energy group that is expected to give Berlin a stake of more than 90%.
"As a result, it is envisaged that the Federal Government will obtain a significant majority stake in Uniper," the company said, adding a final agreement has not yet been concluded. Uniper's smaller peer VNG, also an importer of Russian gas, had to request state aid too, to stay afloat. Finland's minister in charge of state-owned companies Tytti Tuppurainen said it was too early to comment on the details of the deal before it was finalised.
Wow what will our government do who believe in the Free ? market .They also believe in doing everything the EU does .
The Irish government consistently on everything that could ease the cost of living that their hands are tied by the EU. Yet, we see, time after time countries like Germany & France acting unilaterally & doing whatever benefits their countries. fiannafailparty FineGael
Letttssss gooooooo
The taxpayer doesn't have the money to pick up the losses so the Germans will sell bonds. the ECB will buy the bonds with printed money. Inflation goes higher as money continues to devalue
who knew 20 years and hundreds of billions of Euros on the parasitic renewable industry in the EU would leave us unable to heat ourselves for one winter eh, everyone with a brain The renewable scam has caused this, not the war
The Greens had them shut down their nuclear power plants. They would have zero energy concerns if they hadn't.
Germany is getting away from Russian gas going back to coal and importing US fracked gas .....