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Reuters exclusively reveals German utility STEAG secures extra credit to weather volatile energy prices

Reuters exclusively reported that German utility STEAG has secured at least 100 million euros ($113 million) in extra funding to shield it from skyrocketing prices, as volatile energy markets force some companies to shore up their finances. STEAG, Germany’s fifth-largest utility, said it needed funding in the “low triple digit million euro range” due to price volatility, which it has secured from partners. 

The post Reuters exclusively reveals German utility STEAG secures extra credit to weather volatile energy prices appeared first on Reuters News Agency.

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