German government agrees on bailout for energy supplier

Uniper applied to the German government for stabilisation measures after Russian gas supplies were cut (Roberto Pfeil/dpa via AP/PA)

The German government will take a roughly 30% stake in energy supplier Uniper as part of a rescue package following surging prices for natural gas and reduced Russian deliveries, the company has said.

Uniper, which has been Germany’s biggest importer of Russian gas, asked for a bailout two weeks ago.