Energy
Uniper Takes First Steps to Repay Germany for Bailout
- Company says it gave state €530m linked to Gazprom claims
- Utility reaffirms 2024 outlook after earnings recover
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Uniper SE has taken its first steps to repay the German government for a historic bailout at the height of the energy crisis as Berlin prepares to sell the utility.
The company said it paid the state €530 million ($578 million) in late September from funds that it set aside after winning an arbitration ruling against former Russian supplier Gazprom PJSC. Early next year it will transfer another €2.5 billion linked to the state aid it received, according to a statement, though the total amount may still change based on its full-year results.