Tytti Tuppurainen (sd) reminds that Fortum already supported Uniper with eight billion euros at the beginning of the year.
Europe- and the Minister of Ownership Titti Tuppurainen (sd) does not warm to the idea that the energy company Fortum should direct more capital to support its German subsidiary Uniper.
German Minister of Economy Robert Habeck said on Saturday in an interview with a German radio channel that Fortum should participate in saving Uniper.
Tuppurainen reminds that since the beginning of the year, Fortum has already supported Uniper with an intra-group financing arrangement of eight billion euros.
“This is a very significant support from Fortum to Uniper and shows that Fortum is committed to supporting Uniper’s survival in this gas crisis. Instead, in this situation, as the representative of Fortum’s majority owner, we no longer see it as possible for Fortum to invest more in Uniper,” Tuppurainen said in an interview with STT.
Fortum’s majority-owned Uniper has run into serious financial difficulties due to Russia’s limited gas exports. Since mid-June, Uniper has received only about 40 percent of the contracted gas quantities from Russia and has had to purchase replacement gas from the market at a significantly higher price.
Uniper is Germany’s largest gas importer.
Fluffy reminds that Uniper’s problems are due to the serious disruption of the gas market, which in turn is the result of the war started by Russia in Ukraine and the fact that the Russian president Vladimir Putin gas giant Gazprom in the hands manipulates the market.
“This basic reason for the high price of gas is not going away in the near future, so this problem cannot be solved with any short-term capitalization solution on behalf of the principal owner,” Tuppurainen says.
“Fortum has already supported Uniper with a very large amount. Eight billion is a very large amount in relation to the national economy of Finland. This should also be noted by Minister Habeck in the German Ministry of Economic Affairs. The representative of the Finnish government has indeed brought this up in the negotiations.”
According to Tuppurainen, he was in daily contact with representatives of the German government from Uniper. In addition, at the minister’s initiative, the financial adviser of the ownership steering department of the Government Chancellery has participated in the negotiations between Fortum, Uniper and the German government to resolve Uniper’s situation since Saturday as the representative of the Finnish state. Maija Strandberg.
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