The former major shareholder of Uniper, the Finnish energy group Fortum, is trying to get state aid in Finland. The company said Fortum had applied for the first tranche of the loan “to prepare for a new disruption.” The total loan size is 2.3 billion euros, and the first tranche is 350 million euros.
Fortum wants to use the money to pay the increased surcharges from exchange operators that they require from companies for the risk of non-payment. The company confirmed that Fortum currently has sufficient funds of its own for this.
Fortum is majority owned by the Finnish state, which slightly increased its stake to 51.26 percent at the beginning of September. The group owns approximately 78 percent of Uniper – but Germany’s largest importer of gas is currently being nationalized. According to the Federal Department of Economic Affairs, the federal government acquires 99 percent of Uniper. Fortum will receive approximately €500 million for its shares and €8 billion in loans paid to Uniper.
Uniper was in trouble due to a lack of gas shipments from Russia. The company got most of its gas from Russia and now has to offer its customers much more expensive alternatives.
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