German Government Preparing to Aid Energy Utilities Through Energy Security Laws, Reuters Reports
July 04 2022 - 5:09AM
Dow Jones News
--The German government aims to include tools for the bailout of
stricken gas companies, like Uniper SE, in its energy security law,
Reuters reports, citing government sources.
--Germany could model a possible bailout for Uniper after
Deutsche Lufthansa AG's financial aid package, but taking a stake
in the utility would be the last resort, according to Reuters.
--The discussion underlines the country's current struggles as
it deals with soaring energy prices and the effects of Russia's war
on Ukraine on national companies.
Full story: https://reut.rs/3Idlmob
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 04, 2022 05:54 ET (09:54 GMT)
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