Germany Offers State Guarantees to Lure Buyers for Gazprom Unit
- Government in talks with potential buyers for Gazprom Germania
- Parts of that business could be nationalized as a last resort
This article is for subscribers only.
Germany is seeking a buyer for Gazprom PJSC’s unit in the country by offering state-backed loans for private companies willing to take parts of or the entire business, according to a person familiar with the matter.
The German government is in talks with private buyers interested in Gazprom Germania GmbH or some of its units, which include energy supplier Wingas GmbH and gas storage firm Astora, said the person, who asked not to be named as the talks are private. Buyers would be offered guarantees and loans through the state-owned development lender KfW IPEX-Bank, the person said.