Chief executive Klaus-Dieter Maubach told investors ahead of a crucial vote on Monday that they risked losing their entire investments in the company if they rejected the German taxpayer rescue
The squeeze on deliveries from the likes of Gazprom, once its biggest supplier, had forced Uniper to buy gas elsewhere at much higher prices to meet existing contracts.
It triggered a €40bn euro net loss for the company, which provides around a third of Germany's gas and is its largest importer. Uniper's UK interests include the Ratcliffe-on-Soar coal-fired power station and six other gas-fired plants. It was revealed last month that it would need additional state support to survive after the German government withdrew a gas levy that was designed to help the country's gas importers bear additional costs.
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