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Germany’s Uniper seeks bailout as Moscow gas standoff chokes finances

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Reuters UK

BERLIN/DUESSELDORF/HELSINKI (Reuters) -Utility group Uniper asked the German government for a bailout on Friday, the biggest corporate casualty yet of Moscow’s economic war with Europe. Uniper, which has been struggling to cover delivery obligations as falling Russian supplies push up gas prices, said it was seeking additional funding through an increase in a credit facility with state-owned KfW bank. The company also said its Finnish majority shareholder Fortum had made a proposal to the German government that includes ringfencing the system-critical German businesses under government ownersh…

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