Germany Plans to Sell Up to 30% Stake in Uniper
Germany plans to sell up to 30% stake in Uniper as it looks to recover some of the billions it spent rescuing the utility company during the energy crisis, according to sources. The move comes after Berlin bailed out Uniper in 2022, following Russia’s halt in gas deliveries due to Western sanctions over the Ukraine conflict. This rescue operation cost the German government a staggering 13.5 billion euros, resulting in a 99.12% stake in the company.
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