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.
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.