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Uniper: Germany could take majority stake

Published 09/14/2022, 06:21 AM
Updated 09/14/2022, 06:42 AM
© Reuters. FILE PHOTO: FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/File Photo/File Photo

FRANKFURT (Reuters) - The German government could end up taking a majority in ailing gas importer Uniper, the company said on Wednesday, pointing to losses that have grown since an initial rescue deal was agreed in July.

© Reuters. FILE PHOTO: FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/File Photo/File Photo

So far, Germany had planned to take a 30% stake in Uniper, but the company said discussions, which also include Finnish parent Fortum, now also included a "straight equity increase that would result in a significant majority participation".

Uniper CEO Klaus-Dieter Maubach had in July flagged the possibility that the German government could theoretically end up holding more than 50% of the company.

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