German natural gas trader Uniper expects the European Commission to decide in coming days on whether Germany's planned bailout of the company violates state aid rules, its chief executive said, adding that any approval was likely to be tied to conditions.
expects the European Commission to decide in coming days on whether Germany's planned bailout of the company violates state aid rules, its chief executive said, adding that any approval was likely to be tied to conditions.
EU state aid rules aim to prevent one company being unfairly subsidised to the detriment of others in the sector and may lead to regulators seeking financial or other commitments from parties in a deal before granting approval."We expect there to be conditions, that's normal in these cases," CEO Klaus-Dieter Maubach told Reuters on Saturday. "We hope that the requirements aren't too drastic ... We expect a decision in coming days.
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