News

Germany buys 99% of Uniper

The German federal government, Uniper and Fortum have agreed on an amendment to the package of measures announced on July 22 that will ensure the long-term stabilization of Uniper as part of the company’s nationalization. This was reported on the website of the energy company.

Chancellor Olaf Scholz’s administration will control about 99% of the company and will invest 8 billion euros through an additional issue of shares in favor of the state at a price of 1.7 euros per share. The deal is expected to be completed by the end of the year.

Read also:  Tesla shares collapsed after Elon Musk's words about Crimea

State bank KfW will provide financing to Uniper in accordance with its liquidity needs. The government will also replace the EUR 8 billion credit lines provided by Fortum.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x