Uniper working on suing Gazprom - CEO

Friday, 22. July 2022 16:17

Uniper CEO Klaus-Dieter Maubach (pictured) announced on Friday that the company is currently exploring legal opportunities as it intends to sue Russian Gazprom amid the decrease in gas supplies which led to subsequent losses for the company.

During the day, the German chancellor Olaf Scholz said that the government will obtain a 30% stake in the energy company, the largest gas importer in Germany, so as to help it get out of the energy crisis. The news was followed by a 17% decline in the value of its stocks.

Uniper's stocks continued to decline today after the CEO's comment, falling by 31.43% at 3:59 pm CET.

Related Links: Gazprom Neft (JSC )Gazprom PJSCUniper SE
Author:
Baha Breaking News (BBN) / MM