Uniper Begins Repayment of State Aid with €530 Million

The energy giant, rescued during the 2022 crisis, starts reimbursing Germany as it confirms its 2024 financial outlook.

Uniper has made an initial repayment of €530 million to the German government, sourced from damages received from Gazprom.
The company was nationalized in 2022 with €13.5 billion in state aid after Russian gas supply disruptions.
Uniper plans to make further repayments, with reserves currently valued at nearly €2.5 billion, expected to be paid in early 2025.
The German government, holding a 99% stake, must reduce its share to 25% plus one share by 2028 in compliance with EU conditions.
The company reported a net profit of €1.3 billion for the first nine months of 2024 and aims for €1.1 to €1.5 billion in total profits for the year.