Germany Moves to Privatize Ex-Gazprom Unit SEFE
The German government will begin the official process of privatizing the local unit of Russia’s Gazprom, which the previous government seized in 2022 after Russia invaded Ukraine and the EU imposed sanctions on Moscow. Dubbed SEFE, or Securing Energy for Europe, the state entity handles energy import and infrastructure operations. In light of that latter part, the German government plans to organize a capital-raising round for the company, aiming to secure between 1.5 billion and 2 billion euros, equal to some $1.76 billion-$2.35 billion.…