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EU allowed Berlin to give aid to acquire German Gazprom

Commission's yes to €225.6m scheme

12 November, 16:06
(ANSA) - BRUSSELS, 12 NOV - The European Commission has approved a €225.6 million German aid measure to support Sefe Securing Energy for Europe Gmbh, formerly Gazprom Germania GmbH, currently under German trusteeship. The measure will allow the German state to take 100 percent ownership of Sefe GmbH, replacing Gazprom Germania GmbH, to safeguard the security of gas supply to the German economy. The EC announced.

Following Russia's aggression against Ukraine and Gazprom's subsequent gas supply disruption, Sefe Gmbh suffered severe losses. The action will enable the German state to take 100 percent ownership of Sefe GmbH to replace Gazprom Export LCC, a Russian majority state-owned company. (ANSA).

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