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Uniper SE, a German fuel large reliant on Russian power, has requested the federal government for a bailout.
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(Bloomberg) — Uniper SE, a German fuel large reliant on Russian power, has requested the federal government for a bailout.
The proposal requires the state to take “a related” stake, and for extra debt funding by a rise in a state-backed credit score facility.
Uniper has been in talks with the federal government for weeks on what bailout mechanisms might clear up the corporate’s liquidity issues. The corporate has been pressured to purchase large volumes of fuel within the costlier spot market, since Russia minimize flows by the Nord Stream pipeline by 60% final month.
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