Daily Market Updates: Germany Eyes €4 Billion Buyout of RWE and E.ON’s Urenco Stake

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Germany Eyes €4 Billion Buyout of RWE and E.ON’s Urenco Stake

Reported · Written up by our desk · Energy

Germany’s government plans to buy RWE and E.ON’s one-third stake in uranium enrichment company Urenco for up to €4 billion, German newspapers reported, in a deal Britain requested to keep the stake in European hands as it prepares to use Urenco to make fuel for its military reactors, including those powering its nuclear submarines. Die Welt first reported on Thursday evening that a new line had appeared in the Bundestag’s final deliberations on the 2027 draft budget, setting aside €4 billion for “the acquisition…

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OilPriceGermany Eyes €4 Billion Buyout of RWE and E.ON’s Urenco Stake

Commodities

Germany Eyes €4 Billion Buyout of RWE and E.ON’s Urenco Stake

More like this

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