The Government also plans to inject 8,000 million euros in cash to support the company, he added, clarifying that “the final agreement has not yet been concluded.”
Damage
Uniper, Germany’s largest gas importer and storage facility, has been hit hard by the drastic reduction in Russian gas supplies since the war.
Suspended deliveries have had to be replaced with costly supplies from the free market, where gas prices have soared, increasing pressure on Uniper.
In July, the German government launched a massive rescue plan to help the group, with credit facilities of 9,000 million euros and bought a 30% stake in the company.
However, it announced this month that the two parties were exploring a possible nationalization due to the lack of prospects that the crisis would not be resolved soon.
Majority shareholder Fortum confirmed discussions of the bailout deal were in their “final phase” and that it would be offset by support for Uniper this year.
The Finnish-owned company provided an €8bn loan to Uniper in January, at a time when gas prices had already started to rise amid pre-invasion tensions with Moscow.
Source: Ambito
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