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Germany Poised to Agree on Bailout Terms for Uniper ‘Soon’

  • Talks between German government and Uniper are ‘difficult’
  • Turbine stuck in Canada will be shipped back to Russia
Uniper is heavily dependent on Russian gas.

Uniper is heavily dependent on Russian gas.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

Germany is ready to make a decision on a bailout for Uniper SE “soon” but ongoing talks with the company are “difficult.”

Uniper - which is heavily dependent on Russian gas - asked the German government for a bailout on Friday, the first major corporate casualty of Moscow’s squeeze on European energy flows. The government is prepared to help the company no matter what, said a spokeswoman for the government.