Fortum’s subsidiary Uniper takes precautionary financing measures including credit facilities from KfW Bank and Fortum to secure liquidity in extremely volatile markets
FORTUM CORPORATION INSIDE INFORMATION 4 JANUARY 2022 AT 21:15 EET During the early winter season, the very volatile commodity markets with unprecedentedly high prices have resulted in significantly higher margining requirements for European market participants. Fortum’s subsidiary Uniper is hedging its asset positions with forward commodity sales, which are often subject to margining payments. When commodity prices increase, the mark-to-market value of those deals decline, which triggers additional margining payments for Uniper. When the underlying gas and power positions go into