12/22/2022, 10:18 AM (Source: TeleTrader)
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Chart for: UNIPER SE  NA O.N.

German gov't confirms full Uniper acquisition

Germany's economy and finance ministries confirmed on Thursday the nationalization of energy company Uniper SE has been completed.

The European Commission greenlit the recapitalization worth up to €34.5 billion on Tuesday and ruled that Germany must reduce its shareholding at the company to not more than 25% plus one share by the end of 2028 at the latest. As previously agreed, the government acquired 99% of Uniper's shares.

Finland's Fortum Oyj, which previously owned the majority of the stake at Uniper, confirmed the completion the day before. As a result of the nationalization, Uniper will be removed from the Frankfurt Stock Exchange's (FWB) trading index SDAX.

Baha Breaking News (BBN) / JR