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Germany Working on Historic Takeover of Three Gas Companies

  • Germany in advanced discussions with Uniper, VNG and SEFE
  • Government may buy Fortum’s Uniper stake for nominal price
Bloomberg business news
WATCH: Germany seized the local unit of Russian oil major Rosneft and is in advanced talks to take over Uniper and two other large gas importers. Todd Gillespie reports.Source: Bloomberg
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Germany is in advanced talks to take over Uniper SE and two other large gas importers in a historic step to avoid a collapse of its energy market, according to people familiar with the matter.

State ownership of Uniper, VNG AG and Securing Energy for Europe GmbH, formerly Gazprom Germania GmbH, is the main solution under discussion, the people said. The government is considering buying Fortum Oyj’s controlling stake in Uniper for a nominal price and would then inject billions of euros into the company through a capital increase, according to some of the people.