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German government nationalizes gas giant Uniper

11:56

German government nationalizes gas giant Uniper
Source: Pixabay

As a result of the suspension of gas supplies from Russia, the German government becomes the majority shareholder in Germany's largest natural gas importer, Uniper. The German government will own about 99% of Uniper, which will thus be nationalized, the German Economy Ministry said in Berlin on Wednesday.

Uniper and its parent company Fortnum have confirmed…

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