Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall –

Germany will take a 30% stake in Uniper SE and provide a bailout deal after the ailing utility company was hit hard by dwindling supplies of Russian gas and rising energy prices.

Uniper, Germany’s largest importer of Russian gas and one of Europe’s largest utilities, has hemorrhaged cash daily as it has been forced to buy supplies at much higher prices from alternative sources after Russia reduced deliveries in June.