German energy company SEFE plans a capital increase to initiate the privatization process

Glonghui, April 20｜German energy group SEFE (which took over from Russian gas company Gazprom in 2022) announced that it has proposed a capital increase of up to $2.35 billion. The company aims to use this to initiate the privatization process. According to regulations, Berlin must reduce its stake to a minority shareholding with veto rights by the end of 2028. SEFE stated that if the capital increase plan is approved, it could be implemented within the next 9-12 months. The company has submitted a proposal for a capital increase of €1.5-2 billion to the German Ministry for Economic Affairs, which is responsible for supervising the government’s shareholding. Relevant negotiations are currently ongoing.