German energy giant seeks government bailout – Reuters ...News

Russia Today - Economy
German energy giant seeks government bailout – Reuters
source : Russia Today ( News ) () 11
Uniper took a financial hit due to reduced gas supplies from Russia, according to media reports German energy major Uniper is seeking a government bailout due to the financial fallout from dwindling supplies of Russian natural gas, Reuters reported on Thursday. Talks are ongoing to provide “stabilization measures” for the utility, according to the German Economy Ministry. “The reason for this is the sharp rise in gas prices and the reduced supply volumes from Russia,” it explained. Uniper Chief Executive Klaus-Dieter Maubach said the negotiations included possible guarantees, raising credit facilities, or even the

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