MARKETS

German gov't offers $15.2 bn bailout for embattled energy giant Uniper

GERMANY on Friday agreed to bail out energy giant Uniper with a €15 billion (A$22.17 billion) rescue deal, as the embattled company becomes the first major casualty of Russia's natural gas squeeze, a CNBC report said.

Tim Daiss

German gov't offers $15.2 bn bailout for embattled energy giant Uniper

The bailout package will see the German state take a 30% equity holding in Uniper. The company's shares initially rose when the deal was announced, before falling sharply, the report added. They were...

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