Wall Street

Germany’s Uniper gets 15 billion eur state bail-out to avert collapse

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Reuters UK

FRANKFURT/HELSINKI (Reuters) -Uniper on Friday received 15 billion euros ($15.2 billion) in guarantees and equity as the German government stepped in to save the gas importer that is the biggest casualty of Europe’s energy crisis so far. The state bail-out caps weeks of intense negotiations between Germany and Finland, which controls Uniper’s majority shareholder Fortum. It provides a lifeline after falling Russian gas supplies drained the company’s finances. Uniper shares initially rose 5% after the announcement, but by 1035 GMT were down 14%. As part of the deal, the German government will t…

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