Better than sanctions: Germany secretly plans to nationalize Gazprom's subsidiary

28 August 2022, 12:36 | Economy
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The German government decided in a short time to create a holding company to nationalize the former daughter of Gazprom - SEFE, Securing Energy for Europe, which until 2022 was called Gazprom Germania GmbH and is still under the care of the German Federal Grid Agency. It is reported by Welt.

It is noted that this holding company was secretly created in order to be able to carry out nationalization in the short term..

The German Ministry of Economy and Climate Protection confirmed that they were aware of the establishment of such a company.



“This was prepared in May 2022 solely as a preventive measure for any restructuring measures,” said a ministry spokesperson, quoted by the newspaper..

The publication notes that two lawyers from the German division of the international law firm CMS became the managing directors of the company..

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Recall that Gazprom began to burn excess gas on an industrial scale in order not to supply it to the EU. The torch is visible from space.




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