Berlin's Acquisition of Gasag Faces Uncertainty as Key Stakeholders Hesitate

The city's plan to take control of Gasag is stalled by reluctance from major shareholders Eon and Engie to sell their stakes.

Berlin aims to gradually nationalize key energy networks, including Gasag, but faces significant challenges in the process.
Eon and Engie, each holding about a third of Gasag's shares, are hesitant to sell to the Berlin government, delaying the acquisition.
Vattenfall, another major shareholder, has extended the deadline for Berlin to exercise its option to purchase its shares until the end of November.
The Berlin Senate is engaged in confidential negotiations with the shareholders to resolve the impasse.
The outcome of these discussions is critical, as the city seeks to secure control over its energy infrastructure.