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Uniper Seeking Bailout Package Up To EUR 9B

GERMANY

*UNIPER IN TALKS FOR GERMAN BAILOUT PACKAGE OF UP TO EU9 BILLION – bbg

  • It follows German government sources telling Reuters earlier today a bailout was preferred over higher prices.
  • Uniper, one of the biggest importers of Russian gas, last week saying it was in talks to secure liquidity.
  • "The government is also preparing legislation that would enable the state to inject capital and take a stake in struggling energy companies, according to two people familiar with the situation. It will also allow for customers to shoulder more of the cost of rising gas prices. The Cabinet is set to approve the bill this week." - bbg
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*UNIPER IN TALKS FOR GERMAN BAILOUT PACKAGE OF UP TO EU9 BILLION – bbg

  • It follows German government sources telling Reuters earlier today a bailout was preferred over higher prices.
  • Uniper, one of the biggest importers of Russian gas, last week saying it was in talks to secure liquidity.
  • "The government is also preparing legislation that would enable the state to inject capital and take a stake in struggling energy companies, according to two people familiar with the situation. It will also allow for customers to shoulder more of the cost of rising gas prices. The Cabinet is set to approve the bill this week." - bbg