Uniper in Final Talks With Germany Over Rescue Deal
20 September 2022 - 5:14PM
Dow Jones News
By Giulia Petroni
Uniper SE said Tuesday that it is in final talks with the German
government over a rescue deal that includes a capital increase of 8
billion euros ($8 billion) and the acquisition of Fortum Oyj's
shares in the utility by the state.
The German gas importer said the stabilization package under
discussion now includes a EUR8-billion capital increase, with
exclusion of subscription rights, to be subscribed exclusively by
the state. It also envisages the sale of Fortum's shares in Uniper
to the government and return of the financing Fortum granted to
Uniper, according to the Finnish company.
As a result, the German government is expected to hold a
significant majority stake in Uniper. Fortum currently holds a
77.96% stake in the German utility.
Discussions are in the final stages but the agreement hasn't yet
been concluded, Uniper said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 20, 2022 10:59 ET (14:59 GMT)
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