Uniper has been in dire financial straits due to the reduction in gas supplies from Russia The German government is acquiring a 30% stake in the energy concern Uniper, German Chancellor Olaf Scholz said at a press conference in Berlin on Friday. Scholz said the government would acquire the stake at a nominal price of €1.70 per share, adding that it would also provide the company with €7.7 billion ($7.8 billion) in the form of funds similar to equity capital. Moreover, Scholz ordered the credit lines from the German state banking group KfW to Uniper to be raised from the current €2 billion to €9 billion. The measur
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