The big shock in the global energy market has one more patient and it is none other than natural gas energy giant Uniper, which is in talks with the German government for a possible bailout of up to 9 billion euros, according to the news Bloomberg agency.
Berlin is considering implementing a range of measures, including loans, a takeover by the equity division and also passing on some of the cost increase to the consumer public, well-informed sources said.
Uniper’s share price rose as much as 9.5% on the Frankfurt stock exchange yesterday when the developments were announced, after losing almost a third in Monday trading. Yesterday, with the profits of the share, the market value of the group approached almost 4 billion euros.
The company, which is one of the biggest importers of Russian natural gas, said last week it was in talks with the government to secure liquidity.
Germany, which has built its economic model on cheap Russian gas, has to cope with squeezed supplies and rising fuel prices as Moscow punishes Europe for its support for Ukraine.
German Economy Minister Robert Habeck has warned that the gas crisis risks triggering a market collapse, just as Lehman Brothers triggered the financial crisis in 2008-2009.
The Tribulation is commencing…
Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.
#Yahweh #Yeshua #HolySpirit #LordAlmighty #SovereignLord #Nameaboveallnames #TheWay #TheTruth #TheLife #TheGate #Heaven #KingdomofHeaven #Saved #Glorified #Endtimes #LastDays #FeastofTrumpets #markofthebeast #verseoftheday #birthpains #Judgement #Christian #Christianity #hope #love #Jesus #Christ
Leave a Reply