Uniper share: Monopolies Commission does not consider Uniper nationalization to be a long-term solution

In view of the general situation, the nationalization Although “politically understandable,” said the chairman of the monopoly commission, Jürgen Kühling, of the “Süddeutsche Zeitung” (weekend edition). But he warned that the move should not be a long-term solution. “We will then have to get back to competition. The aim must not be to create a permanent state gas monopoly.”

On Wednesday, the federal government announced that it wanted to take over almost all of Germany’s most important gas importer Uniper. The background is the complete cessation of the contractually agreed gas supplies from Russia. The resulting increase in replacement costs would have exacerbated Uniper’s plight, it said. Uniper is also a test case for how competition can later be restored in some areas, said Kühling. Discussions are also currently being held about the future of Sefe, a subsidiary of the Russian state-owned company GAZPROM, which is already under trusteeship.

/tos/DP/jha

BERLIN (dpa-AFX)

Selected leveraged products on Gazprom PJSCWith knock-outs, speculative investors can participate disproportionately in price movements. Simply select the desired leverage and we will show you suitable open-end products on Gazprom PJSC

Leverage must be between 2 and 20

No data

More news about Gazprom PJSC

Image Credits: PATRIK STOLLARZ/AFP/Getty Images

ttn-28