Germany to Nationalize Ailing Uniper After Russian Gas Cuts

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BERLIN—Germany volition nationalize Uniper , seeking to prevention the country’s largest state importer that was deed hard by Russian natural-gas cuts to Europe.

The German authorities said Wednesday it would instrumentality a 99% involvement successful the vigor elephantine and inject successful 8 cardinal euros, equivalent to astir $8 billion. Berlin volition get the involvement of Uniper’s genitor company, Finnish inferior Fortum Oyj .

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