Berlin bails out Uniper for €15 billion

Euractiv | Jul 22, 2022 at 5:30 PM
  • The German government has announced that it will bail out Uniper, one of the world’s largest gas importers.
  • To that end, the government will almost quadruple a state-bank loan to Uniper, from €2 billion to €9 billion, while also allocating €8 billion for Uniper shares, leaving the government holding 30% of the company.
  • Instead, Fortum is banned from taking back €4 billion in loans to Uniper, with the option to transfer the loan into shares, and it must offer another credit line worth €4 billion.