Uniper warns of total wipeout without German rescue ...Middle East

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Uniper warns of total wipeout without German rescue
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Germany's Uniper called on Monday for shareholders to approve a bailout and nationalisation that will cost the government more than 50 billion euros ($53 billion), warning that it will otherwise have to consider insolvency. Chief Executive Klaus-Dieter Maubach told a virtual extraordinary shareholder meeting that the disarray caused by the loss of gas supplies from Russia could leave shareholders with nothing if they did not accept German proposal.

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