(In the report of September 5, the record low of the share was corrected in the first paragraph. It is EUR 4.912 and not down to EUR 4.192.)
DÜSSELDORF (dpa-AFX) – The ailing energy company Uniper is gradually using up the state funds it had been promised. The extension of the existing KfW credit line requested a week ago has now been agreed, a spokesman for the financial news agency dpa-AFX said on Monday on request. The loan will be drawn down in tranches as needed. Uniper shares fell to a record low of EUR 4.912 in the MDAX on Monday after Russian gas deliveries were suspended. The spokesman said that Uniper had not received any of the ordered quantities on Monday.
At the close of trading, the share was 11 percent down, just over 5 euros. Since the beginning of the year, the discount has totaled 88 percent. Due to the lack of gas supplies, Uniper has to buy more expensive gas on the market to fulfill its contracts, which leads to liquidity problems.
The group applied for state aid in July and was promised it two weeks later. Part of the rescue package is a multi-billion dollar credit line from the state bank KfW, which has now been increased to 13 billion euros. According to the spokesman, Uniper, the parent company Fortum and the federal government are still talking about specifying the agreement of July 22./lew/ck/ngu
Leverage must be between 2 and 20
No data