Germany is in advanced talks to take over Uniper and two other large gas importers in a historic step to avoid a collapse of its energy market, according to people familiar with the matter.
That move would dilute the stakes of Uniper’s remaining outside shareholders. The exact specifics have yet to be agreed, but a conclusion could be reached in the coming days, the people said, asking not to be identified because the information is private. With Russia’s main pipeline to Germany cut off, Uniper is having to source alternative supplies and it’s racking up losses of as much as €100 million a day, according to its CEO.
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