Uniper Shares Hit 14-Month Low After Russian Forces Launch Invasion of Ukraine

By Reuters
Reuters
Reuters
February 25, 2022 Updated: February 25, 2022

FRANKFURT—Shares in German utility Uniper, which has substantial business in Russia and is one of the financial backers of the Nord Stream 2 gas pipeline, plunged on Thursday after Russian forces fired missiles at several cities in Ukraine.

Shares in Uniper, which owns a majority stake in Russian utility Unipro, fell as much as 16.7 percent on Thursday to their lowest level since Dec. 23, 2020.

Finland’s Fortum, which owns 76 percent of Uniper, was down 6.8 percent.

Uniper said on Wednesday that it was currently assessing whether the suspension of the Nord Stream 2 pipeline by Berlin would cause impairments on its 1 billion euro ($1.1 billion) exposure to the project.

($1 = 0.8890 euros)

Reuters