Germany Closes In on Deal to Nationalize Gas Giant Uniper
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The German government is closing in on an agreement to nationalize gas giant Uniper SE, as Berlin moves to stave off a collapse of the country’s energy sector.
A provisional agreement between the government, Uniper and its main shareholder, Finland’s Fortum Oyj, has been reached, according to people familiar with the situation. While contracts haven’t been signed, Berlin is aiming for an announcement later this week.