German utility company Uniper, nationalised by the German government last year, is being urged to be privatised again "as soon as possible," according to CFO Jutta Doenges. Uniper's business model of procuring and reselling gas faced significant challenges when European gas prices skyrocketed due to Russia's invasion of Ukraine. As part of the government buyout approval from the EU, Uniper must reduce the government's stake to no more than 25% plus one share by the end of the year. Additionally, the company is required to sell off certain assets, including its international helium business. Uniper is actively working on finding suitable buyers for its other investments, including the helium business but main retain it if Uniper moves back into private ownership. Notably Uniper is the main offtaker from the recently commissioned Irkutsk helium plant in Russia.
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