Latest Nationalization News

Germany nationalizes country's biggest gas importer Uniper

Sep. 21, 2022 07:23 AM EDT

BERLIN (AP) — The German government said Wednesday that it has agreed to nationalize the country's biggest natural gas importer, Uniper, expanding state intervention in the industry to prevent an energy shortage resulting from Russia's war in Ukraine. The deal with Uniper builds on...

Germany agrees deal to nationalize country's biggest natural gas importer Uniper

Sep. 21, 2022 02:23 AM EDT
BERLIN (AP) — Germany agrees deal to nationalize country's biggest natural gas importer Uniper.

Germany close to deal on nationalizing gas company Uniper

Sep. 20, 2022 12:06 PM EDT

BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia's war in Ukraine provokes an energy crisis. The expansion of...

French government plans to nationalize electricity giant EDF

Jul. 06, 2022 12:15 PM EDT

PARIS (AP) — France’s government plans to nationalize indebted French electricity giant EDF amid a broad energy crisis aggravated by Russia’s invasion of Ukraine, Prime Minister Elisabeth Borne said Wednesday. The French state now holds an 84% stake in the company, one of the...

French PM vows to boost economy amid impact of Ukraine war

Jul. 06, 2022 12:10 PM EDT

PARIS (AP) — French Prime Minister Elisabeth Borne vowed Wednesday to boost jobs, cut taxes, support purchasing power, tackle climate issues and help France better face the consequences of the war in Ukraine — including by nationalizing electricity giant EDF. Borne laid out her...

Prime minister says French government plans to nationalize electricity giant EDF amid Ukraine war-related energy crisis

Jul. 06, 2022 10:09 AM EDT
PARIS (AP) — Prime minister says French government plans to nationalize electricity giant EDF amid Ukraine war-related energy crisis.