Uniper SE: Talks between German Government, Fortum and Uniper on stabilization for Uniper continue

The German government, Fortum and Uniper agreed in July on a stabilisation package for Uniper. Since then, the parties’ joint priority has been the implementation of the stabilisation measures and a long-term solution for Uniper. Due to the increased uncertainties in the operating environment, the parties are also looking into alternative solutions, inter alia a straight equity increase that would result in a significant majority participation by the German Government in Uniper. No decisions beyond what was agreed in the stabilisation package in July have been made.

Since the stabilisation agreement was signed, the European energy crisis has escalated further as no Russian gas volumes are currently being supplied through Nord Stream 1 and both gas and power prices have been extremely high and volatile. Consequently, since July, Uniper’s financial losses due to the higher gas procurement cost have significantly increased. The deteriorating operating environment and Uniper’s financial situation have to be taken into account while Fortum, the German government and Uniper continue their discussions on a long-term solution for Uniper.

 

Contact:
Person making the notification:
Dr. Sascha Fehlemann
Senior Vice President Corporate Legal Affairs

Contact for investors and analysts:
Stefan Jost
Executive Vice President
Group Finance & Investor Relations
Uniper SE
Holzstraße 6
40221 Düsseldorf
Mobile +49 1515 1213 9656
Telefax +49 211 4579 2022
Email ir@uniper.energy

Media contact:
Georg Oppermann
Senior Vice President
External Communication & Sustainability Communication
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 211 4579 5570
Mobile +49 178 439 4847
press@uniper.energy