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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Germany nationalises biggest gas importer to avert supply crisis

Man speaks at lectern
Germany’s economy minister, Robert Habeck, gives a statement on Wednesday on the Uniper nationalisation. Photograph: Annegret Hilse/Reuters

Germany has agreed to nationalise its biggest gas importer, Uniper, to avert a crisis as it battles energy shortages resulting from Russia’s war in Ukraine.

The deal builds on a rescue package agreed in July, when Berlin took a 30% stake in the company, and includes a capital injection of €8bn (about £7bn) of government money.

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