The transaction was finalized on January 16, which was confirmed by TanQuid itself.
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A man associated with Trump takes over a German energy company
From the data Sunoco is the largest independent operator of fuel depots in Germany, with approximately 15 facilities in Germany and one in Poland. According to “Der Spiegel” after the takeover Sunoco controls about 20 percent. German fuel storage capacity.
Energy Transfer, the owner of Sunoco, is led by American billionaire Kelcy Warren, described by the German media as a donor to the Make America Great Again movement and a person closely associated with Donald Trump.
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German parliamentarians critical of the transaction
The Ministry of Economy checked whether the transaction may pose a threat to the security of Germany or other European Union countries. Ultimately, it agreed, but – as the ministry's spokeswoman emphasized – the decision was subject to “strict conditions”, including the obligation to ensure continuity of supplies and maintain warehouse capacity.
However, the matter raises serious controversy. TanQuid also supports infrastructure important for the army, delivering fuel to bases where German and allied units are stationed. The government's decision was criticized by, among others: Green politicians.
MP Michael Kellner found it “totally incomprehensible”, emphasizing that Europe should reduce, not increase, its dependence on external players. — “Key infrastructure should not be in Russian, American or Chinese hands,” he said.
