Germany on path to nationalise Uniper power utility

The Brussels Times

Belgium, (Brussels Morning Newspaper) Germany is on path to nationalise Uniper power utility, which is calling for additional aid.

The company reminded on Wednesday that the government bailed it out in July and added that additional aid paves the way to full nationalisation, according to Reuters reporting.

Uniper is the largest importer of Russian natural gas in Germany and spent its cash reserves by buying expensive gas on the spot market after Russia cut westward flows.

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