Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall

Germany will participate with 30% Uniper SE and are offering a bailout deal after the ailing utility was hit hard by dwindling Russian gas supplies and rising energy prices.

Uniper, Germany’s largest importer of Russian gas and one of Europe’s largest utilities, has been losing money every day as it was forced to buy supplies from alternative sources at much higher prices after Russia cut supplies in June.

https://www.wsj.com/articles/germany-to-take-stake-in-stricken-utility-uniper-11658484565 Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall

Alley Einstein

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