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German Energy Giant Uniper Gets $11 Billion for Margin Calls

  • Energy rally forced Uniper to post more funds to keep trading
  • It’s the second time the utility has needed to boost liquidity
Updated on

German energy giant Uniper SE was forced to borrow billions to pay down margin calls -- the collateral that exchanges require to back up trades -- as European gas and electricity prices rallied.

Uniper got additional loans totaling 10 billion euros ($11.3 billion) from its Finnish parent Fortum Oyj and KfW IPEX-Bank, the company said in a statement after the close of trading on Tuesday. The borrowing facilities correspond to about two-thirds of the company’s market value of just over 15 billion euros.