German bailout of struggling energy giant may reach €60 billion – Bloomberg ...News

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Uniper is facing financial ruin after the reduction in Russian natural gas supplies Berlin is getting ready to boost financial aid to Uniper, the country’s largest gas supplier, which has been brought to the brink of insolvency due to rising energy prices, Bloomberg reported citing sources familiar with the matter. According to the report, the government may up the aid to €60 billion ($60 billion). The plan comes as the company’s financial situation is quickly worsening due to growing wholesale gas prices prompted by diminishing flows from Russia. Uniper’s adjusted net loss for the first nine months of the year re

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