German gas giant seeks $53 billion bailout – Reuters ...News

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German gas giant seeks $53 billion bailout – Reuters
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The government is rushing to rescue Uniper to avoid a domino effect across the country’s energy sector Berlin will have to come up with an extra €25 billion ($25.8 billion) to bail out the country’s largest gas importer Uniper, Reuters reported on Wednesday. The deal that will bring the utility’s nationalization cost to €51.5 billion ($53 billion) includes credit lines, equity injections and also reflects a scrapped gas levy, initially designed to help German gas suppliers handle rising costs, according to the media outlet. The company was brought to the brink of bankruptcy due to surging energy prices and halted

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