German utility Uniper’s admission that it had been forced to seek €10bn in new credit lines was a stark reminder that the threat posed by Europe’s energy crisis is not limited to consumers.
The dash for cash last week by one of Europe’s largest energy companies comes as unprecedented rises in natural gas and power prices prompt a sudden swelling of it liabilities on futures contracts.
With state-backed lender KfW providing €2bn of the mammoth financing alongside €8bn from Uniper’s Finnish owner Fortum, bankers now fear a scramble for credit among the region’s smaller companies as private-sector banks back away.
您已閱讀11%（616字），剩余89%（4770字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。