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Finnish parent Fortum has agreed to Uniper bailout deal with German govt – sources

07/22/2022

Less than a minute

2022.07.22 11:42

Finnish parent Fortum has agreed to Uniper bailout deal with German govt - sources
FILE PHOTO: A general view of the Fortum headquarters in Espoo, Finland August 18, 2017. REUTERS/Lefteris Karagiannopoulos

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FRANKFURT (Reuters) – German gas importer Uniper, its Finnish majority-owner Fortum and the Finnish and German governments have agreed in principle on a bailout solution to rescue the company from financial distress caused by thinning Russian gas supply, three people familiar with the matter told Reuters on Friday.

The deal would include the German government taking a stake and providing funding for Uniper, they said.

07/22/2022

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