FRANKFURT — Germany is set to buy Fortum’s stake in Uniper and inject a further 8 billion euros ($8 billion) as part of a nationalization of the gas importer, Uniper said on Tuesday.
“The final agreement has not yet been concluded,” the company said.
Fortum said that the deal, which is yet to be finalized, will include the “return of the financing Fortum granted to Uniper” which the Finnish group has put at 8 billion euros.
An firm agreement of the nationalization of Uniper, which has been hit by soaring gas prices and a cut off in supplies of Russian gas, will be unveiled on Wednesday, sources have said.
Uniper shares were 1.7% higher.
($1 = 1.0019 euros) (Reporting by Christoph Steitz, editing by Rachel More)