Energy conglomerate transfers 2.6 billion euros
Title: Uniper Returns 2.6 Billion Euros After EU Aid Package
Social Media Sharing: 📲🐦izione Uniper reimburses 2.6 billion euros following EU bailout 💰🇩🇪💬📩📜🚀
Quick Facts:- Uniper, a major energy company, repaid close to €2.6 billion to Germany on Tuesday.- The payment was made to meet an EU Commission aid condition.- Germany stepped in with €13.5 billion in aid and became the majority shareholder (>99%) after Uniper faced financial troubles due to reduced and halted gas supplies from Russia.- The EU Commission approved the aid, with conditions, including asset sales set for completion by the end of 2026.
The energy juggernaut, Uniper, has returned a hefty chunk of the bailout funds it received—approximately €2.6 billion—to Germany. The payment took place on Tuesday as announced by Uniper in Düsseldorf, fulfilling an aid condition from the EU Commission. The announcement regarding the repayment came about two weeks ago.
Uniper stumbled financially in 2022 when Russia, post the attack on Ukraine, started to curtail and eventually halt gas supplies. Securing alternative gas sources led to billions in costs. To keep Uniper from crashing, Germany dished out approximately €13.5 billion in aid, and with that, they became the controlling shareholder, owning over 99%. Amidst these events, the EU Commission approved the aid, but under the agreement that Uniper would sell off numerous stakes by the end of 2026.
The news originated from ntv.de and dpa.
Uniper, in compliance with the European Union's aid conditions, has transfered €2.6 billion back to Germany as part of the repayment process. This significant payment, announced in Düsseldorf, follows the EU Commission's approval of an aid package worth billions to stabilize Uniper, initially issued due to reduced and halted gas supplies from Russia. The company's financial troubles also led to securing alternative gas sources, which resulted in extensive costs. Germany, as the majority shareholder with over 99% ownership, is now receiving a portion of these costs from Uniper, as outlined in the EU Commission's policy requirements.
