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The agreement comprises a capital increase of 8 billion euros ($7.94 billion) for an issue price of 1.70 euros per share excluding the shareholders’ subscription rights, Uniper said in a statement.
After completion of the capital increase, which will exclusively be signed by the German government, and the share buy, the government will hold around 99% of Uniper, the economy ministry said.
The package “creates a clear ownership structure in order to secure Uniper, and thus the energy supply for companies, municipal utilities and consumers,” it said.
German Economy Minister Robert Habeck will make a statement at 08:30 a.m. (0630 GMT) on Uniper, it said.
Russia cutting back natural gas supplies and last month closing the Nord Stream 1 gas pipe have led Uniper, Germany’s largest gas importer, to financial dire straits, triggering a rescue package with Berlin which was agreed in July.
Fortum will be paid back a 4-billion-euro parent company loan and released from its 4-billion-euro parent guarantee which it had given to Uniper earlier this year, Fortum said.
($1 = 1.0075 euros)
