Uniper unveils $12.2 billion net loss on lower Russian gas deliveries

2022.08.17 08:49

FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen

(Corrects headline to insert dropped word “billion”)

FRANKFURT (Reuters) – Germany’s Uniper, which secured a 15 billion euro bailout last month, unveiled a net loss of more than 12 billion euros ($12.2 billion) for the first half, partly blaming lower Russian gas supplies that forced it to buy at much higher prices elsewhere.

Uniper, in which Finland’s Fortum owns 78%, said the loss included 2.7 billion euros in impairments related to the cancelled Nord Stream 2 pipeline and goodwill of its Russian business Unipro.

($1=0.9821 euros)

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