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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…
Source cnbc.com
