Federal government saves Uniper with billions

It was probably not an easy walk for Uniper boss Klaus-Dieter Maubach this Friday. A gas trader whose business model is crumbling in the middle of a brutal war, gas prices out of control, daily losses in the tens of millions, accumulated losses of 4.5 billion euros up to August alone, a “drastically worsened” financial situation. “It’s not easy for any company to apply for state aid, and it wasn’t easy for us either,” Maubach told journalists on Friday afternoon. A company on the ground, the state as the savior in need – a horror for CEOs.

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