Energy: Federal government nationalizes former Gazprom subsidiary

The federal government is nationalizing the ailing gas company Securing Energy for Europe (Sefe).

Energy: Federal government nationalizes former Gazprom subsidiary

The federal government is nationalizing the ailing gas company Securing Energy for Europe (Sefe). The Ministry of Economics justified corresponding capital measures in a statement on Monday with an impending insolvency of the former Gazprom subsidiary, which would endanger the security of supply in Germany.

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