German energy giant Uniper said on Monday it has requested a further €4bn extension of its government credit facility to boost its liquidity which has been squeezed by soaring gas prices.
“We are working directly with the German government for a permanent solution to this emergency situation, as otherwise Uniper will no longer be able to fulfill its critical role for Germany and Europe,” its chief executive said. of German giant, Klaus-Dieter Maubach, according to Reuters.
Uniper added that it has already made full use of a €9 billion credit facility granted to it by state-owned KfW, taking an additional €2 billion to cushion the impact of Russian gas supply disruptions.
Sources told Reuters last week that KfW is ready to provide additional credit to Uniper, which entered into a 15 billion euro bailout deal last month, as part of its effort to offset widening losses due to rising oil prices. fuel.
Source: Capital
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