According to various media, the negotiations regarding the German energy company Uniper, which is a subsidiary of the majority-owned energy company Fortum of the Finnish state, which is in financial difficulties, are approaching a solution.
The Finnish government, the German government, Uniper and Fortum have been involved in negotiations and discussions about possible rescue solutions since last week.
According to the international media group, Germany can acquire up to a 30 percent stake in Uniper in an aid package worth billions of euros. Bloomberg and a German newspaper Handelsblatt.
Handelsblatt reported that, according to its insiders, the German government is considering a rescue package of 5-10 billion euros.
The final size of the bailout depends on how much the German government allows the gas companies to pass on Uniper’s additional costs to customers.
Earlier this month, a law was drawn up in Germany to allow cost-shifting, but it has not yet been implemented.
By Reuters sourcesThe German government is ready to accept possible price increases for consumers as part of the rescue plan.
Various media estimate that the negotiations will be concluded in the next few days, as Reuters says the deadline is July 25 – the date by which it is feared Uniper will run out of money. The losses of the German gas importer are currently tens of millions per day.
A spokeswoman for the German economy ministry did not comment on media reports to Reuters, but said the German government is urgently negotiating a solution for Uniper and is in contact with all parties.
Yle’s sources confirmed that efforts are now being made to resolve the Uniper problem in Germany, and there are no known negotiations in Finland. The matter is overseen by the Prime Minister Sanna Marin (SDP) and Titti Tuppurainen (SDP), Minister of Ownership.
On Tuesday, in the committee’s questions, Tuppurainen said that Fortum would no longer invest in its subsidiary Uniper.
Fortum bought the majority of the German energy giant in 2019. Currently, Fortum has a 78 percent ownership stake in Uniper.
Source: The Nordic Page