Uniper announced the need for an additional capital increase of €25 billion


German energy company Uniper stated that to stabilize it will need an additional increase in capital of €25 billion. The company announced this on Wednesday, November 23. At the same time, Uniper announced that its shareholders will hold an extraordinary meeting on December 19 to discuss the terms of assistance to her from the German authorities.

Uniper is experiencing serious problems due to a reduction in gas supplies from Russia - because of this, the company's losses in the first nine months of 2022 reached €40 billion. In July, the German authorities took measures to save the company: then they you bought A 30% stake in Uniper for €267m, while also providing it with an extended €9bn credit line from state bank KfW and €7.7bn in convertible bonds. In September, it became known that the company would nationalized - The German authorities will buy out the share of the Finnish Fortum, which is the majority shareholder of Uniper.

The company is to be nationalized by the end of the year, as part of an agreement to this effect, the German authorities are going to increase its capital by €8 billion. Now Uniper wants to increase its capital by an additional €25 billion, this amount should go to cover its future losses. The issued shares can only be bought by the German government.

Yana Rozhdestvenskaya



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