Germany agrees to bail out energy giant Uniper as Russia squeezes gas supplies


Uniper has been in talks with the German government about a possible bailout.

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Germany on Friday agreed to bail out Uniper with a 15 billion euro ($15.24 billion) rescue deal, as the embattled energy company becomes the first major casualty of Russia’s natural gas squeeze.

The package will see the German state take a 30% equity stake in Uniper. The company’s shares initially rose when the deal was announced, before falling sharply. They were trading more than 21% lower an hour later.

Uniper was the first energy company in Germany — Europe’s largest economy — to sound the alarm over soaring energy bills, and submitted a bailout application…


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