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(S+) With state money against the collapse (Podcast)

2022-09-26T04:04:34.337Z

Because Uniper could tear the German gas supply into the abyss, the state rescues the gas importer. That costs billions.



"Secure energy for Germany and Europe - today and tomorrow," promised the gas importer Uniper in an April commercial.

By then, Russia had already attacked Ukraine.

What had worked well for many years has now become a problem: Uniper procured large quantities of cheap gas from Russia and resold it in Germany at a surcharge.

A lucrative business.

The shareholders could look forward to distributions.

In the crisis, Uniper now needs billions from the state.

Only in the form of credit lines.

Now the federal government is taking over the ailing company itself. That's how important Uniper is for the energy supply in Germany.

The costs of the rescue operation are immense - and unlike the rescue of Lufthansa in the corona crisis, SPIEGEL editor Claus Hecking does not expect a late blessing for the state in the Uniper case.

You can hear what the Uniper rescue is all about in the podcast.

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Source: spiegel

All business articles on 2022-09-26

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