EnergyWatch

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.

Photo: INA FASSBENDER/AFP / AFP

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs