According to information from the Handelsblatt, the East German lignite company had to be supported in the short term with a loan worth billions.
(Photo: Bloomberg)
Dusseldorf, Berlin The upheavals on the German energy market as a result of the Ukraine war are dramatic: According to information from the Handelsblatt, the East German lignite company Leag had to be supported with a billion-euro loan from KfW in the short term in order to secure liquidity. The situation was critical, according to industry circles familiar with the events. There has never been such an emergency on the German energy market.
The company itself declined to comment when asked. “We ask for your understanding that we cannot provide any information on company internals.”
Government circles had confirmed on Sunday that an energy company had received a KfW loan of 5.5 billion euros. According to the information, this was one of the highest loans that the state development bank KfW has ever granted to a company.
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