German government nears state-led bailout of Uniper

Berlin is reportedly preparing to buy roughly 30% interest in the utility, severely strained due to major dependence on now-fickle Russian gas import.


Uniper SE is nearing a bailout deal that may see the German government inject billions of euros and take a direct stake in the energy giant, according to people familiar with the matter.

The government may end up with a stake of as much as 30%, which would give it effective veto power over major decisions at Uniper, the people said, asking not to be identified because the information is private. Chancellor Olaf Scholz’s administration is discussing the purchase of equity-like hybrid securities in addition to buying common stock at a nominal value in a capital increase, they said.

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