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Germany’s Uniper gets 15 bln eur state bail-out to avert collapse

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Posted on July 22, 2022
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FRANKFURT — Uniper on Friday received 15 billion euros ($15.2 billion) in guarantees and equity as part of a bail-out by the German government after becoming the biggest casualty so far in the European energy crisis.

As part of the deal, the German government will take a 30% stake in Uniper. Uniper’s Finnish parent Fortum will end up holding 56% in the German firm, down from around 80% currently. ($1 = 0.9847 euros) (Reporting by Christoph Steitz; Editing by Maria Sheahan, Kirsti Knolle)

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