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Reuters
Reuters
Business
By Kirsti Knolle and Anne Kauranen

Germany takes over Uniper, raising rescue bill to $29 billion

Uniper Fortum Germany Robert Habeck Christian Kraemer Christian Lindner Euro KlausDieter Maubach Economy Duesseldorf
FILE PHOTO: The Uniper logo is seen at the utility's firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay/File Photo

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

The deal brings the total cash pumped into Germany's three biggest Russian gas importers - Uniper, former Gazprom unit Sefe and EnBW's VNG division - to at least 40 billion euros.

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