DÜSSELDORF (dpa-AFX) – The gas company Uniper is tapping into its remaining liquidity reserves. The existing credit facility of the state KfW in the amount of 2 billion euros has now been used, the MDax company announced on Monday in Düsseldorf. The facility is thus fully exhausted. The group had agreed the credit line with the KfW banking group at the beginning of January in view of the impending war in Ukraine and the associated fluctuations on the raw materials markets and, as a precaution, extended it until the end of April 2023 at the end of March.
Uniper is under pressure because of the lack of Russian gas deliveries. The group has to buy more expensive gas on the market to fulfill its contracts, which leads to liquidity problems. The government is currently working on an aid package for Uniper. The company had recently submitted an application for stabilization measures to the federal government. As the largest German gas importer, it is under pressure because of the reduced deliveries from Russia. The company has to buy gas at significantly increased prices to service contracts with its customers, which leads to liquidity problems./lew/mis
