Germany Agrees To $15 Billion Bailout For Uniper
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The German government and the biggest German buyer of Russian gas, Uniper, agreed on Friday on a $15 billion bailout package to help the energy giant which has been reeling from reduced Russian gas supply and soaring prices of non-Russian gas. Uniper, its majority owner, Finland’s Fortum, and the German government finalized today the bailout package of $15.2 billion (15 billion euro), Uniper said. The measures to support Uniper include the German government taking a 30-percent stake in Uniper for $271 million (267 million…
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