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Germany to buy Fortum’s Uniper stake, inject 8 billion euros

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Germany to buy Fortum’s Uniper stake, inject 8 billion euros By Reuters

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Economy 7 minutes ago (Sep 20, 2022 15:31)

© Reuters. FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen

FRANKFURT (Reuters) -Germany is set to buy Fortum’s stake in Uniper and inject a further 8 billion euros ($8 billion) as part of a nationalisation of the gas importer, Uniper said on Tuesday.

“The final agreement has not yet been concluded,” the company said.

Fortum said that the deal, which is yet to be finalised, will include the “return of the financing Fortum granted to Uniper” which the Finnish group has put at 8 billion euros.

($1 = 1.0019 euros)

Germany to buy Fortum’s Uniper stake, inject 8 billion euros

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