Germany takes over Uniper, raising rescue bill to $29 bln [Reuters]
FORTUM OYJ CP UNSP/ADR (FOJCY)
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Source: Reuters
Finland says will have to live with deal with Fortum Fortum shares +9.5%, Uniper -25.3% German gas levy to be imposed from October BERLIN/HELSINKI, Sept 21 (Reuters) - Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel. The deal brings the total cash pumped into Germany's three biggest Russian gas importers - Uniper (UN01.DE) , former Gazprom (GAZP.MM) unit Sefe and EnBW's (EBKG.DE) VNG (VNG.UL) division - to at least 40 billion euros. Nationalising Germany's largest importer of Russian gas is the second move in a week by the government to take control of an energy business and is part of a wider European response to the winter crisis, including France taking over EDF (EDF.PA) Germany last week also took control of a Russian-owned oil refinery, which supplies 90% of the capital's fuel, put
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