Fortum’s subsidiary Uniper applies for stabilisation measures in Germany – talks with the German government continue
FORTUM CORPORATION STOCK EXCHANGE RELEASE 8 JULY 2022 AT 14.51 EEST Fortum’s subsidiary Uniper has today filed for government support under the newly adopted German energy legislation. As Germany's biggest importer of gas, Uniper has been hit hardest by the Russian gas curtailment and as a result is under extreme financial pressure. Since mid-June, Uniper has received only 40% of the contracted gas volumes from Russia and has had to source the replacement volumes in the market at significantly higher prices. Uniper gave a profit warning and withdrew its full-year financial guidance at