
AI-generated summary
SEFE was nationalized by the German government in November 2022 to prevent insolvency that could have threatened gas supply security. It operates the Rehden facility, the largest underground gas storage in Western Europe.
BERLIN, October 2. /TASS/. The German government has launched the process of re-privatization of SEFE (formerly known as Gazprom Germania), a former subsidiary of Gazprom, newspaper Börsen-Zeitung reported.
The authorities have initiated the process of submitting bids to acquire the company, according to the report. SEFE is valued at around 6 bln euro, the publication said.
In November 2022, the German government decided to nationalize SEFE, which owns the largest underground gas storage facility in Western Europe, Rehden. Germany’s Federal Ministry for Economic Affairs and Climate Action justified the move by the impending insolvency of SEFE, which would have threatened security of gas supplies in Germany. SEFE is a key company in Germany’s energy supply sector, the country’s economic ministry noted.
AI outlook — possibilities, not facts
The re-privatization of SEFE will be completed within the next 6 months.
Likely · Within months

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