Kävikös tässä nyt niin, että ensin Saksa ei salli kaasun hinnan korotusta vaikka sille on ihan validit syyt ja lainsäädäntökin sen mahdollistaa? Sitten Saksa tulee konkurssiyhtiö Uniperiin vähemmistöosakkaaksi jokusen euron panostuksella, jonka jälkeen ratkaisevat Uniperin konkurssin partaalle joutumisen syyn sallimalla kaasun hintojen nostamisen? Jotenkin tämä kuvio tuntuu ikävän tutulta toimintatavalta tuolta itärajan takaa.
" The German government, Uniper SE ("Uniper") and Fortum Oyj ("Fortum") today agreed on a stabilization package for Uniper. The stabilization package provides for a capital increase of around EUR 267 million at an issue price of EUR 1.70 per share, excluding shareholders' subscription rights. The capital increase will be subscribed exclusively by the federal government and will result in the federal government holding a stake of around 30% in Uniper (after the capital increase).
Furthermore, a mandatory convertible instrument of up to EUR 7.7 billion is to be issued to the federal government. The issue will be in tranches to the extent required by Uniper's liquidity needs. The exchange price per share in the event of conversion provides for a discount of between 25% and up to 50% on the market price of Uniper shares in a certain period before the conversion is carried out.
Fortum is granted the option to acquire parts of the mandatory convertible instrument from the federal government. The acquisition is in exchange for the transfer of the repayment claim under the EUR 4 billion loan that Fortum has granted Uniper and has been disbursed. The acquisition is limited to an amount of up to EUR 4 billion of the issued mandatory convertible instrument, but in any event may not exceed 70% of the issued mandatory convertible instrument.
The KfW loan granted to Uniper is to be increased from EUR 2 billion to EUR 9 billion and the intended purpose expanded. The federal government explained to Uniper in the negotiations that from October 1, 2022, a general mechanism for passing on 90% of the replacement procurement costs for all importers as a result of Russian gas cuts should be introduced. This was used as an assumption in the term sheet and the amount of the stabilization measure was calibrated based on this assumption. Under the terms of the agreement, the German government stands ready to provide additional support should replacement procurement losses exceed EUR 7 billion, which cannot be offset by operating profits from the other businesses.
The stabilization measures are subject, among other things, to the withdrawal of Uniper's lawsuit against the Netherlands in connection with the Energy Charter Treaty (ECT), regulatory approvals, in particular an approval under state aid law by the EU Commission, and the confirmation of Uniper's investment grade rating by S&P Global Ratings.
Uniper will convene an extraordinary general meeting to obtain shareholder approval for the stabilization measures."