
Germany reportedly could overhaul law to bail out Uniper (OTCMKTS:UNPPY)
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Uniper (OTC:UNPPY) (OTC:UNPRF) shares plunged 28% in Germany on Monday following reports the company is in talks with the government over a potential bailout package of as much as €9B (~$9.4B) to help companies buckling under the cost of soaring prices for natural gas imports.
The government is considering a set of measures, including loans, taking an equity stake and passing part of rising gas prices on to customers.
A possible bailout for Uniper, Europe’s largest importer of Russian gas, could be modeled on pandemic relief for airline Lufthansa, which was saved