Germany is on the lookout for a buyer to take over Gazprom PSJC’s unit in the country by offering state-supported loans to private companies willing to acquire parts or the entire business, writes Bloomberg News citing a source with insider knowledge.

According to the source, the German government is negotiating with private buyers that are interested in Gazprom Germania GmbH or parts of its subsidiaries, which include energy supplier Wingas GmbH and gas storage company Astora.

The buyers will be offered guarantees and loans through state-owned development bank KfW IPEX-Bank.

Gazprom’s European subsidiaries are under pressure as customers and business partners refuse to transact with them, increasing the risk that some of them won’t last.

Germany hasn’t ruled out nationalizing parts of Gazprom Germania as a last resort, although the German government hopes to find a different solution, the source says.

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