Germany moves to re-privatize former Gazprom subsidiary SEFE, report says
The energy company, valued at about 6 billion euros, was previously brought under state control following the disruption to Russian energy ties with Europe.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
German authorities have begun the process of re-privatizing SEFE, the energy company that was formerly a subsidiary of Russia's Gazprom, according to a report in the German financial newspaper Börsen-Zeitung cited by TASS.
The newspaper valued SEFE at approximately 6 billion euros as the re-privatization process gets under way, though the report did not specify a timeline for when a sale or share offering might be completed, or which potential buyers might be involved.
SEFE, whose name stands for Securing Energy for Europe, was previously part of Gazprom's German operations before passing into state hands amid the broader disruption to Russian energy ties with Europe following Russia's invasion of Ukraine.
What's next
The move to return SEFE to private ownership would mark another step in Germany's effort to restructure its energy sector away from Russian-linked assets. Further details on the structure of the re-privatization, including whether it will proceed through a public listing or a private sale, were not available in the initial report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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