The German government has nationalised Uniper, the energy company behind some key UK power generating assets.
Almost £7 billion has been pledged in capital as it takes a 99 per cent stake in the company, described as having a system-critical role in the country’s energy supply. With much of Europe dependent on Russia for gas supply, it has been exposed to the deteriorating situation that has arisen following the invasion of Ukraine.
The government has acquired the shares held by Fortum, a Finnish state-owned energy company.
