Germany’s Uniper Seeks Bailout, a Victim of Putin’s Gas Feud
- Gas giant asks government to take a stake, provide loans
- Uniper needs about 9 billion euros; more than its market value
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Gas giant Uniper SE asked the German government for a bailout, the first major corporate casualty of Moscow’s squeeze on European energy flows.
Uniper, heavily dependent on Russian gas, proposed the government take a “relevant” equity stake. It also asked for additional debt funding through an increase in a state-backed credit facility.