The German Government finally decided to nationalize the state. Electric Uniper As part of the new bailout program, it has taken control of just over 99% of the capital, as reported in a statement.
The program starts from the agreed schedule in July. a) Yes, The German State will participate in the company’s capital increase of 8,000 million euros.
expansion It will be made at a price of 1.70 euros, This represents a 59.3% discount compared to the 4.18 euro price Uniper shares closed on the Frankfurt Stock Exchange on Tuesday. As part of this process, Germany will also buy Fortum’s stake for €466 million at the same price.
Before the war begins, Fortum’s stake in the German electricity company was worth around 11,000 million euros.
German public bank KfW It will provide financing to Uniper according to its liquidity needs. However, Uniper warned that the required liquidity will depend on the payments required to cover the associated costs and margin calls in the financial markets.
“Today’s deal […] It provides energy supply for companies, municipalities and consumers. Changing the July stabilization package was necessary due to the intensification of the energy crisis“, underlined Klaus-Dieter Maubach, CEO of Uniper.
The parties also Will have the choice to buy if the firm decides to dispose of the part o All nuclear and hydroelectric generation assets in Sweden by the end of 2026.
As part of this process, Fortum will remove Uniper from their accounts. This will have a positive effect as Uniper will no longer be required to record provisions and accounting adjustments for losses.
Uniper recorded a loss of 12,418 million euros in the first six months of 2022, Contrary to the negative result of 20 million in the same period of the previous year, due to the impact of the significant reduction in gas supplies from Russia.