The energy company raised the capital stock, where only the state is allowed now. Germany owns 99% of Uniper shares.
Germany has almost completed the nationalization of energy concern Uniper, which has suffered greatly due to the cessation of Russian energy supplies amid Russia’s war against Ukraine. The state’s participation in the concern is ensured, the German ministries of economy and finance said in a joint statement on Thursday, December 22.
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Uniper has raised its core capital by 8 billion euros, to which only the state has access.
The German government also bought Uniper shares from the former majority shareholder from Finland. The German state now owns 99% of Uniper’s shares.
Great help from the government
By the end of 2024, Uniper estimates that it will need more than 30 billion euros in state aid.
The previous day, the German concern received a fresh financial injection in the amount of 5.5 billion euros. Because of this, the government’s total aid to Uniper reached 13.5 billion euros this year.
“In simple terms, these are the losses suffered by Uniper and Germany against the backdrop of the consequences of the war against Ukraine and the cessation of gas supplies from Russia,” said Klaus-Dieter Maubach, head of the board of the group.
Earlier, the European Commission approved German state subsidies to Uniper.
A source: Russian Service DW
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Source: korrespondent
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