-- German government-owned Securing Energy for Europe, or Sefe, is aiming to raise between 1.5 billion euros and 2 billion euros from an offering of shares, London's Financial Times reported Monday.
Formerly named Gazprom Germania, the company fell under German government ownership after its seizure in 2022, following Russia's attack on Ukraine. Sefe Chief Executive Officer Egbert Laege said the targeted funds are earmarked for the expansion of the group's infrastructure management business.
The executive said they are engaging the German government regarding preferences or restrictions on the offering. The offering will be carried out in line with the European Commission's requirement for the German government to sell at least a 75% stake in Sefe by the end of 2028.