Gas giant
Uniper SE asked the German government for a bailout, the first major corporate casualty of Moscow’s squeeze on European energy flows.
Uniper, heavily dependent on Russian gas, proposed the government take a “relevant” equity stake. It also asked for additional debt funding through an increase in a state-backed credit facility.
Germany and Uniper have been locked in talks for weeks over a potential bailout, as officials estimated earlier this week the company may
need about 9 billion euros ($9.15 billion) -- more than twice its market value.
Chief Executive Klaus-Dieter Maubach said on Friday the company risked losses of up to 10 billion euros this year.