The European Commission has approved German aid worth 225. 6 million euros (233 million dollars) to support the company “Sikuring Energy for Urb” (SEFA) limited liability, which was previously known as “Gazbrom Germane”.
According to the Bloomberg News Agency today, Saturday, the Authority for the Protection of Competition in the European Union said that it will allow the German state to obtain 100 % ownership of the company, to replace the “Gzbrom Exports ECC”, in order to protect the security of gas supplies to the German economy.
The German government has controlled the company (SEFE) since the Russian Gazbrom has cut off gas supplies from the company last April..
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